The Latest Breaking News from Interest Rates

The Federal Reserve announced that it’s raising interest rates by 0.75 percentage point, following its November 1-2 meeting, bumping the federal funds rate to a target range of 3.75% to 4%. It’s the fourth straight time the Federal Reserve has raised rates 75 basis points, as the central bank rapidly…

You may have seen the news: in its attempts to tackle inflation, the Reserve Bank is going to increase unemployment. The idea can even seem to come right from the mouths of experts, including the bank’s governor, Adrian Orr. Speaking recently to an industry conference, he said:

TMBThanachart Bank (ttb) expects to increase its loan interest rates by at least 0.5-0.6% next year, in line with the Bank of Thailand's monetary policy normalisation.

Mark Carney, who ran the central bank until March 2020, said the UK’s decision to leave the EU had devalued the pound which put upward pressure on inflation

Anthony Albanese says the government can’t afford to provide energy payments or other relief because to do so would put even more pressure on the RBA to raise interest rates – is he right? Three economists have their say

Buyers who overpaid for properties in boom market conditions now feeling the pinch, head of property investor group says

World is watching as experts warn some borrowers could soon owe more than their house is worth

Tiny cracks are beginning to emerge in the US labor market’s resilience to higher interest rates and surging prices, but plenty of strength remains to keep Federal Reserve officials focused on stamping out inflation.

The solid U.S. jobs report for October underscores why the Federal Reserve needs to keep raising interest rates higher than it had previously forecast to control inflation, says Neel Kashkari, president of the Federal Reserve Bank of Minneapolis