The Latest Breaking News from Interest Rates

Bank of England may have to hike interest rates to 7% to curb inflation, economists warn

Fears heighten for UK economy and household budgets as expert says ‘hard landing increasingly likely’

The Independent UK · Jul 5, 2023

Stubborn UK inflation may lead to 7% interest rates, economists warn

JP Morgan says risk of ‘hard landing’ for economy heightened, with higher borrowing costs hitting business

The Guardian - UK · Jul 5, 2023

Why aren’t soaring interest rates bringing down inflation?

Rishi Sunak has blamed the high number of fixed-rate mortgages for his government’s failure to bring down inflation.

The Week · Jul 5, 2023

Here are the 5 things to know about the state of the economy this Independence Day

As the U.S. celebrates its birthday with hot dogs and fireworks, the economy continues to grow, the job market is strong, but inflation and rising interest rates are keeping recession fears alive.

WEKU · Jul 4, 2023

Average rate on five-year fixed mortgage deal in UK climbs above 6%

Rate is at highest level since last November, and average two-year fix is now 6.47%

The Guardian - UK · Jul 4, 2023

The RBA has kept interest rates on hold. Here's why it'll be cautious from here on

The Reserve Bank decided to keep interest rates on hold at 4.1% because it thinks there’s a chance – just a chance – it has lifted them all it needs to.

The Conversation · Jul 4, 2023

Reserve Bank hits pause on interest rates

Borrowers will welcome a break from interest rate hikes as Australia's central bank opts to keep interest rates steady at 4.1 per cent.

AAP · Jul 4, 2023

RBA interest rates: banks split on future rate hikes as uncertain economic outlook prompts pause

Homeowners with a mortgage will be breathing a sigh of relief after RBA paused rate rising at Tuesday’s board meeting

The Guardian - AU · Jul 4, 2023

Scots paying hundreds more a month on mortgages than in 2021

SNP-commissioned analysis said that the average Scot is paying £381 more per month than they were in November 2021.

Daily Record · Jul 4, 2023

Dollar Moves Higher with T-note Yields

The dollar index (DXY00 ) Monday rose +0.08%. The dollar rose slightly on the view the Fed will keep raising interest rates with the odds at 86% for a +25 bp rate hike at the next FOMC meeting on July 25-26. The dollar fell back from its best levels Monday...

Barchart · Jul 3, 2023