The Latest Breaking News from Interest Rates

New report shows inflation cooling, but some prices remain high

The data comes as the Fed is likely to keep interest rates steady for the first time in 15 months.

Axios · Jun 13, 2023

UK short-term borrowing costs surge above Truss-era highs; US inflation falls to 4% – as it happened

UK interest rates expected to hit 5.5% by December after regular pay grows by a record, sending two-year bond yields soaring

The Guardian - UK · Jun 13, 2023

Mortgage turmoil deepens as Santander pulls loans and interest rates could rise again

Soaring cost of home loans is ‘very important’ issue says HSBC UK boss

The Independent UK · Jun 12, 2023

Interest rates could hit two-decade high by August as mortgage stress soars

Australians struggling with the highest interest rates in a decade are being warned to expect one or two more mortgage bill hikes.

The New Daily · Jun 11, 2023

Average homeowner pays £223 a week 'mortgage penalty' as interest rates triple

This equates to £7,000 a year and the the 'reckless economic gamble' taken by the Conservatives during September’s mini-Budget has been blamed

Wales Online · Jun 10, 2023

Asian equities gain on hopes for Fed pause

RECAP: Most Asia-Pacific equity markets rose on Friday to their highest level since mid-February, taking cues from an overnight Wall Street rally as bets firmed that the US Federal Reserve would not raise interest rates next week.

Bangkok Post · Jun 9, 2023

Bank of England interest rates announcement to be made in June - what to expect

Experts have warned that inflation may not have fallen low enough to prevent another hike in interest rates

Manchester Evening News · Jun 9, 2023

Interest rate hikes have barely begun to hit households, top economist warns

“Higher interest rates will soon bite harder”

Evening Standard · Jun 9, 2023

HSBC pulls mortgage products and Nationwide hikes deals over fears of rate rises

HSBC has removed its "new business" residential and buy-to-let products, while Nationwide increased its fixed rates as well as reducing some rates on trackers

Daily Mirror · Jun 9, 2023

Labour in major economic U-turn as it delays flagship £28bn ‘green prosperity plan’

Rachel Reeves blamed Tory government for ‘crashing economy’ as party rowed back on key pledge

The Independent UK · Jun 9, 2023