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The Latest Breaking News from Interest Rates

How interest works on a savings account

Interest is how your money can grow in a savings account.

Fortune

How US Federal Reserve's decision to raise rates may impact India

NEW DELHI: The Federal Reserve raised interest rates by a quarter of a percentage point on Wednesday, but indicated it was on the verge of pausing further increases in borrowing costs amid recent turmoil in financial markets spurred by the collapse of two US banks.

The Times of India

Expert warns Bank of England interest rate rise will affect more than a million homeowners

It's the 11th consecutive time that interest rates have been increased - and it's bad news for the property market

Manchester Evening News

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3 High-Quality Stocks to Add to Your Watchlist Now

Despite the bank failures, the Fed will likely keep raising interest rates to bring inflation down. This is expected to keep the stock market under pressure. Amid this backdrop, it could be wise for investors to add high-quality stocks Visa (V), Amgen (AMGN), and Box (BOX) to their watchlist. Keep…

StockNews.com

Interest rates rise to 4.25% - what does it mean for your money?

The Bank of England has increased the base rate for the 11th time in a row. We look at whether rates could rise further this year, and what the latest hike means for your mortgage and savings

The Money Edit

OPINION - The Standard View: As the capital’s income tax bill hits £50bn, Londoners are feeling the pinch

Interest rates are an inherently blunt tool — they come with unfortunate and imprecise time lags. But they remain our best device for bringing inflation down, contributing to economic stability and ultimately prosperity.

Evening Standard

What the Bank of England's rise in interest rate means for you and your money

The UK's interest rate has been risen up for the 11 consecutive time in a bid to drive down inflation

Manchester Evening News

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Bank raises interest rates again, alongside upgraded economic forecast

The UK economy is expected to grow slightly between April and June, revising a previously forecasted drop

Insider UK

Bank of England lifts UK interest rates again but upgrades economic growth forecast

Monetary Policy Committee voted seven to two to increase rates

Birmingham Post

Why are interest rates going up – and how does raising them help inflation?

The Bank of England has hiked the interest rate to 4.25%

The Independent UK

UK interest rate rise: what it means for you

How the new base rate of 4.25% might affect mortgages, house prices and credit cards

The Guardian - UK

Bank of England no longer expects 2023 recession

The announcement came as the bank announced it would raise interest rates to 4.25%

Evening Standard

What today’s rise in interest rates means for your money and when they might go down

It is the 11th consecutive increase in the base rate, and the highest since 2008

Wales Online

Interest rates hiked to 4.25% but Bank of England ‘hopeful’

The quarter-point rise comes amid growing talk in the City that rates are now near their peak

Evening Standard

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The Independent UK

Bank of England hikes interest rates for 11th time running after leap in inflation

The Bank’s Monetary Policy Committee (MPC) decided to increase interest rates to 4.25% from 4%

The Guardian - UK

Bank of England raises UK interest rates by quarter-point to 4.25%

Monetary policy committee votes to increase base rate after February’s surprise rise in inflation

Daily Mirror

Interest rates hiked to 4.25% in more misery for borrowers - what it means for your money

The latest interest rates decision was decided today by the Monetary Policy Committee (MPC) and comes off the back of inflation unexpectedly jumping to 10.4%

Bangkok Post

After Fed, European central banks hike rates

LONDON: The Bank of England joined Norway and Switzerland in hiking interest rates on Thursday to tackle stubbornly-high inflation, though banking-sector turmoil could soon lead to a pause in US tightening as hinted by the Federal Reserve.

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Evening Standard

Interest rates ‘set to be hiked’ by Bank of England on Thursday in fresh blow to homeowners

The Bank of England was expected to hike interest rates for the 11th time in a row on Thursday after a shock resurgence in UK inflation.

The Independent UK

Interest rates – live: Mortgage holders under ‘storm clouds’ after Bank’s latest hike

Bank hits mortgage holders with extra 0.25 percentage point rise

Wales Online

Mortgages set to cost more as interest rates likely to rise today after unexpected inflation surge

An unexpected rise in inflation means the measure is likely

The Guardian - UK

UK interest rates raised to 4.25% by Bank of England, but inflation expected to cool – as it happened

UK central bank sets interest rates at 14-year high after inflation jumped to 10.4% in February

Evening Standard

FTSE 100 Live: Bank of England interest rate rise, FTSE closes down 0.9%, US shares up

The Bank of England today hiked interest rates to 4.25% as it continues efforts to bring inflation back under control.

The Guardian - AU

Will the RBA follow the US Fed in lifting interest rates despite banking turmoil?

Unnerved by a looming financial crisis, the US central bank has raised rates. Will Australia follow suit?

The Guardian - UK

Britain’s biggest banks under pressure to pass on higher interest rates to savers

Unite says their analysis shows banks have made £7bn in extra profit from the rise in borrowing costs

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