The Latest Breaking News from Interest Rates

UK jobs market ‘on the turn’ as unemployment rises; ‘terrifying’ increase in mortgage arrears – as it happened

Total pay jumps by 8.5% in the last year – ahead of inflation – while value of mortgages in arrears is now the highest in almost seven years

The Guardian - UK · Sep 12, 2023

UK pay rises at record rate despite growth in unemployment

Figures will add to Bank of England’s dilemma over whether to increase interest rates again next week

The Guardian - UK · Sep 12, 2023

High UK inflation makes autumn tax cuts unlikely, says Jeremy Hunt

Warning against pumping ‘money into people’s pockets’ comes amid hints Bank of England will again raise rates

The Guardian - UK · Sep 11, 2023

Another Wave of Lower Prices for the British Pound – Want to Know When?

As global central banks have raised interest rates, the Bank of England (BoE) has increased in the past 14 meetings due to elevated inflation. Recently, the BoE governor spoke to the UK Parliament and stated that the central bank was approaching the conclusion of its interest rate hikes. The timing…

Barchart · Sep 9, 2023

House prices fall at fastest pace since 2009 – and more pain expected

High interest rates and the customary summer slump have been blamed after UK house prices suffered their sharpest annual drop in 14 years.

The Week · Sep 8, 2023

NatWest cuts mortgage interest rates for second time in four days

It comes after Andrew Bailey yesterday signalled that the Bank of England could soon be finished raising interest rates

Evening Standard · Sep 7, 2023

UK house prices tumble 4.6% in year to August; pound at lowest since June – as it happened

UK house prices are falling at fastest pace since 2009 on annual basis, reports Halifax, down in every region

The Guardian - UK · Sep 7, 2023

Jim Chalmers warns soft landing ‘not assured’ for economy despite Treasury forecasts

Exclusive: Treasurer expects ‘bumpy’ year ahead as Australia feels the squeeze of higher interest rates and China’s slowdown

The Guardian - AU · Sep 7, 2023

Long opposed to rate increases, Erdogan now backs plan that includes raising rates, minister says

A top government official says Turkish President Recep Tayyip Erdogan supports his new economic team's plan to increase interest rates to lower the country's soaring inflation

The Independent UK · Sep 7, 2023

US applications for unemployment benefits fall to lowest level in 7 months

The number of Americans applying for unemployment benefits last week fell to the lowest level in seven months, another sign that the labor market remains largely unaffected by higher interest rates

The Independent UK · Sep 7, 2023