The Latest Breaking News from Interest Rates

Jobless applications fall again despite Fed push on rates

Fewer Americans filed for jobless benefits last week, more evidence that the Federal Reserve’s efforts to loosen the labor market by raising interest rates hasn’t taken hold

The Independent UK · Feb 16, 2023

ACCC asking why banks are slow to lift interest rates on savings accounts

The landscape for Australian savings rates is changing fast as banks begin to relent after the RBA’s February interest rate hike.

The New Daily · Feb 16, 2023

Asian shares jump, boosted by a strong reading on US retail

Asian shares have advanced, cheered on by a stronger reading than expected on U.S. retail sales that set off a Wall Street rally

The Independent UK · Feb 16, 2023

Afternoon Update: RBA boss defends job at Senate grilling; public school enrolments drop; and a sit-down with Lidia Thorpe

Philip Lowe tells Senate estimates interest rates will continue to rise, ‘but how far they need to go, we’re still unsure’

The Guardian - AU · Feb 15, 2023

How high will Lowe go? Five things we learned from RBA governor’s parliament appearance

Philip Lowe tells Senate estimates that interest rates must keep rising to tame ‘corrosive’ inflation – and he is not resigning

The Guardian - AU · Feb 15, 2023

Inflation slowing, no need for big rate hikes - central bank

Thailand's inflation will likely slow down this year and there is no need for the central bank to raise interest rates aggressively like other countries, Bank of Thailand (BoT) deputy governor Mathee Supapongse said on Wednesday.

Bangkok Post · Feb 15, 2023

Strong bank profits a 'positive', says RBA boss

The Reserve Bank governor has defended robust profits made by banks and says higher rates will eventually start eroding their earnings.

AAP · Feb 15, 2023

Philip Lowe says interest rate rises painful but for the best, predicting more to come

Inflation is dangerous, corrosive and hurts people, RBA governor tells Senate estimates

The Guardian - AU · Feb 15, 2023

RBA boss reveals ‘disturbing’ letters from families as mortgage bills skyrocket

Reserve Bank boss Philip Lowe has revealed he's received a series of "disturbing" letters from families about their financial hardships.

The New Daily · Feb 15, 2023

RBA boss Philip Lowe defends record bank profits as he flags further rate hikes

Philip Lowe says it is important in the long term to have "strong" banks that are turning a profit, even though it may be hard to hear for people in the grip of skyrocketing mortgage repayments.

ABC News · Feb 15, 2023