The Latest Breaking News from Interest Rates

Mini-Budget U-turns mean interest rates may NOT rise as much as feared, say experts

The new Chancellor Jeremy Hunt this morning announced he will scrap major policies planned by his predecessor Kwasi Kwarteng, in an attempt to calm rattled markets

Daily Mirror · Oct 17, 2022

The Big Idea: Do governments really control their economies?

With markets, technocrats and voters on their backs, can politicians change anything?

The Guardian - UK · Oct 17, 2022

Tesco boss warns millions of people face higher costs this winter as interest rates rise

John Allen, chairman of Tesco, said some people will face hardship this winter, on top of increased costs of food and energy, if interest rates continue to push up mortgage repayments

Daily Mirror · Oct 17, 2022

The Guardian view on central bankers: don’t put them in charge of the crisis

Editorial: The UN is right to warn that governments risk a worldwide recession precipitated by excessive rate rises

The Guardian - UK · Oct 16, 2022

Yes, a new economic era was coming, but that made this act of self-harm even more idiotic

All advanced economies are facing a tough future as interest rates spike. But only one decided to add a heap of uncertainties of its own making

The Guardian - UK · Oct 16, 2022

OAPEC Says OPEC+ Decision is Correct and Came at Right Time

The Secretary-General of the Organization of Arab Petroleum Exporting Countries (OAPEC), Ali bin Sabt, said the OPEC+ decision to cut oil production is correct and was taken at the right time. In a press statement issued by OAPEC on Saturday, bin Sabt confirmed that the "decision took into account the…

Asharq Al-Awsat · Oct 16, 2022

Bank of England governor warns of further interest rates rise amid mortgage crisis

The governor also revealed that he has met with new chancellor Jeremy Hunt

Manchester Evening News · Oct 15, 2022

Mini-budget will likely mean higher interest rates, warns Bank of England governor

Andrew Bailey says UK borrowers can expect to feel impact of Truss government’s tax and spending decisions

The Guardian - UK · Oct 15, 2022

Hungary government expands scheme that caps mortgage rates - govt decree

Hungary's government has expanded its existing scheme that caps mortgage rates effective Nov. 1 to include mortgages carrying fixed interest rates up to 5 years, it said in a decree published late on Friday.

Reuters · Oct 15, 2022

The Weekly Wrap for Saturday, 15 October 2022

On Monday the Sveriges Riksbank prize (the Nobel Prize for Economics) was awarded to Ben Bernanke. We can trace the last century of American economics in his life's work. He's often described as the saviour of the last recession. But what about this one?

inkl Originals · Oct 15, 2022