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

The Bank of England has increased UK interest rates by 0.75%, the biggest increase in 30 years. A year ago the interest rate was 0.1%, today it is 3%.

The Federal Reserve announced that it’s raising interest rates by 0.75 percentage point, following its November 1-2 meeting, bumping the federal funds rate to a target range of 3.75% to 4%. It’s the fourth straight time the Federal Reserve has raised rates 75 basis points, as the central bank rapidly…

PM refuses to rule out return to austerity and declares inflation his ‘number one enemy‘

Prime minister declares inflation ‘number one enemy’ and promises to rebuild trust in government

The PM promised to rebuild trust in the Government.

Mark Carney, who ran the central bank until March 2020, said the UK’s decision to leave the EU had devalued the pound which put upward pressure on inflation

Although the UK Government is dealing with critical fiscal challenges, there is no reason why it cannot also focus on wider economic policies that could help grow the economy

Consumer champion Martin Lewis took to social media soon after the Bank of England announced they were hiking up base rates from three per cent to 2.5 per cent.

The rise in mortgage costs is expected to have a huge knock on effect on consumer demand as home owners cut back on their spending