The Latest Breaking News from Interest Rates

Tanya Plibersek blocks Clive Palmer’s proposed coalmine – as it happened

This blog is now closed

The Guardian - AU · Feb 7, 2023

Fed says more interest rate rises needed to cool inflation

Jerome Powell says disinflationary process ‘has a long way to go' as Biden is set to tout economic record at State of Union address

The Guardian - US · Feb 7, 2023

Powell says further rate hikes needed and markets take heed

Federal Reserve Chair Jerome Powell stuck to his message that interest rates need to keep rising to quash inflation and this time, the bond market listened.

Tribune News Service · Feb 7, 2023

UK house prices flat after four-month fall as interest rates bite

Halifax figures show average house price largely unchanged in January at £281,684

The Guardian - UK · Feb 7, 2023

3 Must-Have Dividend Stocks for 2023

January’s robust job report is raising concerns about how long the Fed will keep interest rates high. Market experts are now expecting a higher terminal interest rate. As uncertainty clouds over, quality stocks Gilead Sciences (GILD), Valero Energy (VLO), and ARC Document (ARC) that pay stable dividends might be ideal…

StockNews.com · Feb 7, 2023

NatWest taking ‘pretty hard line’ on crypto; pound below $1.20; UK house prices ‘stable in January’ – as it happened

Dame Alison Rose, the head of NatWest, tells MPs her bank is preventing customers from investing in crypto assets, as part of a crackdown on fraud.

The Guardian - UK · Feb 7, 2023

‘We owe our landlord £1m in rent – but they’ve left us with substandard homes’

Homeless charity’s fight over rent arrears adds to property funds’ woes, including rising interest rates and sceptical investors

The Guardian - UK · Feb 7, 2023

RBA warns of at least 2 more interest rate rises in coming months, as the economic outlook worsens

Australia’s cash rate has hit 3.35%, after the Reserve Bank raised interest rates for the ninth time in a row – and signalled more interest rate pain ahead. The 0.25 percentage point rise adds A$90 a month to a $600,000 variable mortgage.

The Conversation · Feb 7, 2023

Asian stocks mixed after Wall St sinks on rate fears

Asian stock markets are mixed after Wall Street sank under pressure from worries about higher interest rates and Japan reported stronger wage gains than expected

The Independent UK · Feb 7, 2023

RBA interest rates: Reserve Bank lifts official rate to 3.35% in record ninth consecutive hike to tame inflation

Mortgage holders likely to feel immediate pain but RBA indicates further increases to come in attempt to bring inflation under control

The Guardian - AU · Feb 7, 2023