The Latest Breaking News from Interest Rates

Rachel Reeves blamed Tory government for ‘crashing economy’ as party rowed back on key pledge

HSBC temporarily removes mortgage products for new customers, as borrowers face higher rates

The United States dollar is the world's most dominant reserve currency, accounting for over 60% of all foreign exchange reserves held by central banks around the globe. The King of currencies has a seasonal buy that may advance it to higher levels.

The U.S. will have major trouble getting to 2% as it may take over a year to reach their goal and avoid a government default.

Rising interest rates have made annuities a more attractive option for retirees accessing their pension, but it is important to choose the right route for you. 

Martin Lewis has shared his verdict as the base rate is expected to rise

Insurers typically benefit from rising interest rates. The recently released strong macroeconomic data has increased the odds of another rate hike in June. Therefore, it could be wise to buy insurance stocks Fairfax Financial Holdings (FRFHF), Universal Insurance (UVE), and Heritage Insurance (HRTG), given their strong momentum and growth prospects.…

June S&P 500 futures (ESM23) are down -0.06%, and June Nasdaq 100 E-Mini futures (NQM23) are down -0.10% this morning after three major U.S. benchmark indices finished the regular session mixed as an unexpected Bank of Canada rate increase forced investors to recalibrate their expectations regarding the Federal Reserve interest…

'The one bit of certainty at the moment is that it will be uncertain'

The economic, banking, and investment landscape of the next decade is likely to look materially different from the recent past.

The Bank of Thailand says there is no need to wait and see what policies are formulated by the new government before deciding whether or not to raise interest rates further.