The Latest Breaking News from Inflation

'The Bank of England's 'incompetent' interest rates hike is dangerous for Britain'

Professor Richard Murphy, political economist and chartered accountant, says increasing interest costs will force hundreds of thousands (if not millions) of UK households into poverty

Daily Mirror · Nov 3, 2022

Falkirk council facing 'unprecedented financial challenge' auditors warn

The £69 million budget gap could be made worse by inflation and the rising cost of borrowing

Daily Record · Nov 3, 2022

Biggest interest rate rise in decades as the Bank of England predicts longest-ever recession

Property price chat, Tube delays, torrential rain – this morning doled out a full house of London bingo. And then the Bank of England said ‘hold my £8.50 beer’.

Evening Standard · Nov 3, 2022

Bank of England offers glimmer of hope on mortgages with 'lower than expected' forecast

Andrew Bailey today said interest rates "will have to go up by less than is currently priced in by financial markets" meaning "fixed rate mortgages should not need to rise as much as they have done"

Daily Mirror · Nov 3, 2022

US average long-term mortgage rates back under 7%, for now

The average long-term U.S. mortgage rate dipped back under 7% this week, one day after the Federal Reserve raised its benchmark borrowing rate to its highest level in 15 years as it tries to squelch four-decade high inflation

The Independent UK · Nov 3, 2022

Bank of England delivers biggest interest rate hike in 33 years

Central bank raises key rate to 3 percent, warns UK economy is in a recession that could last two years.

Al Jazeera · Nov 3, 2022

The Current I-Bond Rate Is Mildly Attractive. Here's Why

The current I-bond rate, set in May, is active through October 2026. It presents an attractive value, if not as attractive as in the recent past.

Kiplinger · Nov 3, 2022

Deeper US recession looms as resilient labor market spurs Fed

The odds of a U.S. recession are rising. And the chances it will be mild are falling.

Tribune News Service · Nov 3, 2022

BoE: Britain faces two-year recession

LONDON: The Bank of England raised interest rates to 3% on Thursday from 2.25%, its biggest rate rise since 1989, but it pushed back against expectations for further steep hikes, saying Britain faces a painful recession that could last two years.

Bangkok Post · Nov 3, 2022

Households ‘face double whammy of soaring interest rates and sky-high inflation’

A ‘toxic mix’ of high prices, falling real incomes, and soaring borrowing costs is battering household finances, experts said.

The Independent UK · Nov 3, 2022