The Latest Breaking News from Interest Rates

Interest rates up to 3% as Bank of England bids to tackle cost of living crisis and warns of long recession

Rise from 2.25% to 3% had been widely expected and is biggest since 1980s

Birmingham Post · Nov 3, 2022

Scots face mortgage spike as biggest interest rate rise since 1980s announced

The Bank warned the UK could be on course for the longest recession since reliable records began in the 1920s.

Daily Record · Nov 3, 2022

How high could interest rates go after hitting 3% today - and why they're rising

The Bank of England has today hiked interest rates to 3% - but will interest rates keep rising? Market analysts suggest they will - but predictions have been scaled back in recent days

Daily Mirror · Nov 3, 2022

Cracks in Vietnam rattle investors

Financial markets in Vietnam, Asia’s fastest-growing economy, are in an unsettling slide as a crackdown on property lending, a falling currency and rising interest rates heap pressure on banks and rattle confidence.

Bangkok Post · Nov 3, 2022

Interest rates: What are they and how does a rise affect you?

Bank of England implements biggest hike in more than 30 years

The Independent UK · Nov 3, 2022

UK in ‘prolonged recession’ as Bank of England hikes interest rates to 3%, knocking pound – as it happened

Bank of England has made its biggest interest rate rise in three decades, but signals rates won’t rise as high as markets had expected

The Guardian - UK · Nov 3, 2022

Asia stocks fall after Fed says more US rate hikes likely

Asian stock markets have sunk after the Federal Reserve added to fears of a possible recession by saying it wasn’t finished raising U.S. interest rates to cool inflation

The Independent UK · Nov 3, 2022

Negative gearing and capital gains tax discount set to cost the budget $20 billion a year within a decade

The cost of negative gearing is set to more than triple as interest rates rise and, with it, the capital gains tax discount is expected to cost the federal budget more than $20 billion a year within a decade.

ABC News · Nov 3, 2022

Warning to homeowners as mortgage prices could spike again today

The Bank of England is expected to unveil the biggest interest rates in decades

Liverpool Echo · Nov 3, 2022

Interest rates UK – latest: Mortgage holders face soaring repayments after Bank hike

Bank of England announces biggest surge in rates since the 1980s

The Independent UK · Nov 3, 2022