The Latest Breaking News from Interest Rates

No interest rates rises predicted for Philip Lowe’s final RBA board meeting

Economists say interest rate pause likely for about a year as ABS releases weaker-than-expected economic data

The Guardian - AU · Sep 4, 2023

The transition of loans from floating to fixed rates | Explained

What has RBI said about allowing borrowers to transition from floating to fixed rates for loans? We take a look.

The Hindu · Sep 4, 2023

London has 19 of UK’s top 20 ‘risky mortgage’ postcodes

As interest rates rise, mortgages in these postcodes may be at the highest risk of default

Evening Standard · Sep 4, 2023

UK on recession alert after big falls in factory output and house prices

Signs of distress from very different parts of economy will add to Bank of England’s dilemma over interest rates

The Guardian - UK · Sep 1, 2023

Biden hails strength of economy as US adds 187,000 jobs in August

Number of new jobs matches July’s total, reflecting resilience of labor market even with high interest rates

The Guardian - US · Sep 1, 2023

FTSE 100 Live: London blue-chips finish week up 1.8% amid big GDP revision, surprise jump in US unemployment

US jobs figures showed a surprise rise in the country’s unemployment rate, but also the addition of slightly more jobs than expected.

Evening Standard · Sep 1, 2023

House prices fall faster than expected in biggest year-on-year drop since 2009, Nationwide says

Mortgage experts warned of a ‘mass exodus’ of London landlords with falling prices

Evening Standard · Sep 1, 2023

The Fed’s favorite inflation gauge rose last month—here’s why some economists say it’s misleading and won’t lead to more interest rate hikes

EY-Parthenon’s chief economist thinks “the Fed’s tightening cycle is over.”

Fortune · Aug 31, 2023

Nationwide cuts mortgage prices as Bank of England economist says interest rates may peak lower, but stay high

The Bank of England’s top economist said interest rates may not peak as high as expected, but should stay high for “sufficiently long”

Evening Standard · Aug 31, 2023

US applications for jobless claims inch back down as companies hold on to their employees

U.S. applications for unemployment benefits fell slightly last week as businesses continue to retain employees in an economy that has largely withstood rapidly rising interest rates for more than a year

The Independent UK · Aug 31, 2023