The Latest Breaking News from Interest Rates

Bank of England poised for big rate hike to tame inflation

The Bank of England is expected to raise interest rates by as much as half a percentage point

The Independent UK · Feb 2, 2023

Bank of England says inflation likely to have peaked amid split over interest rate rise to 4% – as it happened

UK central bank predicts much shallower recession than feared, but says Brexit hit has arrived sooner than thought

The Guardian - UK · Feb 2, 2023

Weaker economy, higher inflation: Bank of England’s dilemma

Differing experts have urged the Monetary Policy Committee to both cut interest rates and to raise them

The Guardian - UK · Feb 2, 2023

The Fed raises interest rates by only a quarter-point after inflation drops

The Federal Reserve raised interest rates by a quarter-percentage point as part of its ongoing effort to fight inflation. Price hikes have begun to ease, but the Fed says inflation is not yet tamed.

WEKU · Feb 1, 2023

Interest rates set to rise again as Bank of England braces for ‘shallow’ recession

Decision on Thursday would be the 10th time in a row that policymakers have opted for an increase

The Independent UK · Feb 1, 2023

Eight money changes to look out for in February - from a new Universal Credit rule to energy price cap

This list will help you keep on top of any changes that could affect your finances this month, including interest rate and Ofgem price cap announcements

Chronicle Live · Feb 1, 2023

The risk of Australia entering recession has just risen

From a drop in retail sales to falling house prices, there are signs pointing towards a recession in Australia. How will the Reserve Bank respond?

ABC News · Feb 1, 2023

Reserve Bank expecting up to 800,000 fixed home loan contracts will end this year

As charities report increases in workers needing support amid rising living costs, the Reserve Bank is forecasting household pressures will increase as fixed-term home loans end.

ABC News · Feb 1, 2023

A JPMorgan strategist just said that markets are in big trouble if the economy doesn't fall into a recession

Without a recession in 2023, the Fed may be forced to hike interest rates later in the year, JPMorgan's Mike Bell says.

Fortune · Jan 31, 2023

GM reports nearly $10 billion in profit in 2022 despite headwinds

General Motors Co. booked $9.9 billion in net income last year, down from 2021's $10 billion despite chronic supply chain woes, rising interest rates and a slowing economy.

Tribune News Service · Jan 31, 2023