The Latest Breaking News from Interest Rates

Here is a breakdown of which major banks have responded to the RBA's decision, and which ones we're still waiting on.

Next, Shell and BAE Systems have posted updates today in a session when another major central bank is expected to hike interest rates.

The Federal Reserve has raised interest rates by a quarter of a percentage point and signalled it may pause further increases.

'Sell in May and go away" is an old market saying that is likely to ring true this year. Several risk factors have emerged, such as small US banks facing deposit outflows and central banks continuing to raise their interest rates amid stubbornly high inflation.

The US Federal Reserve has hiked interest rates for the tenth time in a row, bringing the key lending rate to its highest level since 2007. But the central bank has signalled it could pause further rate hikes, as inflation eases and turmoil continues to spread across the American banking…

Four U.S. regional banks failed in March and April. Stocks of smaller banks continue to sell off, a sign that the banking crisis is not over despite regulators' efforts.

Although the Fed raised interest rates for a 10th consecutive meeting, it finally opened the door to a pause in its tightening campaign.

The Fed signaled that it could pause rate hikes after this meeting, though it left the door open to another increase.

The Federal Reserve raised interest rates again on May 3, 2023, by a quarter point, making it the Fed’s 10th rate hike since March 2022 in an ongoing fight to tame inflation. These rate hikes have been reverberating through the economy, raising prospects of a recession amid heightened concerns about…