The Latest Breaking News on Rates probably on hold but all eyes on RBA governor

Britain is the only G7 economy forecast to shrink in 2023, the IMF says, as higher energy prices, rising mortgage costs and increased taxes hit growth.

IMF predicts UK economy will contract by 0.6% in 2023 as Britain looks set to suffer more than most from soaring inflation

Policymakers face balancing act between driving inflation down and risk of deepening economic slump

While it's potentially good news for savers, people on variable mortgages will need to find even more cash

Property market has defied gravity for years but analysts say rising mortgage rates will mirror the 1980s price crash

The Bank of England will announce its decision on Thursday

Andy Haldane says starting mortgage rate rises sooner would have nipped inflation in the bud

Growth of 2.9% suggests a soft landing despite rate rises, say some analysts, as others still forecast a ‘mild recession’

The US economy is forecast to have grown but at a slower pace in the final months of 2022, helped by consumption and business investment although recession fears loom. Economic activity has been easing as the US central bank hiked the benchmark lending rate seven times last year, in hopes…