The Latest Breaking News from Interest Rates

Liz Truss’s claim she was not warned about mini-budget risks ‘misleading’

Senior economists and ex-chancellor George Osborne round on former PM after she says Treasury officials raised no concerns

The Guardian - UK · Feb 5, 2023

Markets are surging as fears about the economy fade. Why the optimists could be wrong

The markets have rallied this year as investors believe inflation will continue to ease and that the economy will avoid a recession – but it could end in tears.

WEKU · Feb 4, 2023

What this week's rise in interest rates will mean for you

Experts have three pieces of advice for anyone with a mortgage

Wales Online · Feb 4, 2023

FTSE 100 hits record high as recession fears ease

Index tops previous high set in 2018

The Independent UK · Feb 3, 2023

Managing inflation is now crucial for the future of economy and society

After being disregarded for so long, managing inflation will be hugely important to the future of the UK’s economy and society

Birmingham Post · Feb 3, 2023

US payrolls surprise with surge as jobless rate hits 53-year low

The U.S. labor market burned red-hot in January as hiring unexpectedly surged and unemployment fell to a 53-year low, defying recession forecasts and adding pressure on the Federal Reserve to keep raising interest rates.

Tribune News Service · Feb 3, 2023

US adds 517,000 jobs in January as Federal Reserve raises interest rates

Comes as Biden and McCarthy begin debt ceiling negotiations

The Independent UK · Feb 3, 2023

US adds 517,000 jobs in January in huge gain for labor market

Total is far higher than what economists expected even as Federal Reserve continues to raise interest rates to bring down inflation

The Guardian - US · Feb 3, 2023

Bank of England must not push interest rates too high, its chief economist says

Inflation should be back within Bank’s 2% target range by middle of 2024, Huw Pill adds

The Guardian - UK · Feb 3, 2023

The Standard View: A shorter and shallower recession, while an improvement, still makes Britain an international outlier

Barely more than a year ago, interest rates were just 0.1 per cent. Following yesterday’s 50 basis points rise — the 10th hike in succession — they stand at four per cent. Still low by historical standards, but little comfort for homeowners preparing for skyrocketing repayments.

Evening Standard · Feb 3, 2023