The Latest Breaking News from Interest Rates

Banks are attempting to keep up with the Fed—and compete with each other.

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.19%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.10%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.33%. U.S. stocks this morning gave up an early advance...

Yesterday, the Bank of England increased its base interest to 4.5% from 4.25% - which was the 12th rise since December 2021 when the rate was 0.1%

Just a small percentage rise can have a lasting knock-on effect, say experts

Financial companies are known to perform well in a rising interest rate environment as higher interest rates boost their profit margins. Given the current high-interest rate environment, it could be wise to buy fundamentally strong consumer financial stocks OneMain Holdings (OMF), World Acceptance (WRLD), and EZCORP (EZPW). Read more….

The Bank of England has hiked the interest rate to 4.5%

Turkey’s 2023 election is one of the most significant in its hundred-year history. After years of currency crashes, vanishing foreign currency reserves and surging inflation, rethinking economic policy will be a top priority for whoever is eventually sworn in. At the time of writing President Recep Tayyip Erdoğan is claiming…

Mortgage rates are rising again and products are being pulled from the market amid higher-than-expected inflation figures.

Latest rise in interest rates dominated newspaper front pages on Friday.

State banks are rushing to provide higher deposit rates to customers, including one scheme that offers up to 17%.

Homeowners were warned things could get even worse as Andrew Bailey could not rule out further rises in a bid to bring down rampant inflation