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

Halifax and Virgin Money were among the first to announce mortgage rate reductions

The Reserve Bank of Australia sees inflation peaking higher, slower growth and a higher jobless rate as economic challenges intensify.

Interest rates will likely continue to rise to subdue inflation, bank’s quarterly statement says

The Reserve Bank expects a couple of tough years for Australians, with real wages continuing to fall as inflation persists, economic growth slows and unemployment starts to rise.

Experts predict how the drastic measures needed to fill Liz Truss's £50bn black hole will affect Britons

The Bank of England issued a gloomy warning that the economy could fall into eight consecutive quarters of negative growth if current market expectations prove correct

While the Fed’s fourth consecutive interest rate hike was in line with expectations, the extent to which the interest rate will ultimately rise has triggered a fresh bout of panic and volatility in the stock market. Given the gloomy market outlook, fundamentally weak stocks DraftKings (DKNG) and Mullen Automotive (MULN)…

The Bank of England have announced today that the UK is facing its longest recession since the 1920s, but what does that actually mean?

UK economy faces ‘very challenging outlook’ with recession now expected to last until middle of 2024

‘Everyone will be affected’: Hike in housing costs and increased inflation to hit hard

Interest rates have gone up to 3% which means people, especially mortgage holders, will face higher borrowing costs.