The Latest Breaking News from Interest Rates

Thousands of Londoners face £10k mortgage blow as interest rates soar

Bank of England independence was no one’s first choice. Margaret Thatcher never did it, John Major preferred to devolve power to the German Bundesbank than grant it to Threadneedle Street. Because the power to set interest rates is an awesome one.

Evening Standard · Sep 30, 2022

Liz Truss: are the Conservatives facing an electoral meltdown?

The Conservative party is heading into its annual conference amid the catastrophic fallout from Chancellor Kwasi Kwarteng’s mini-budget. The decision to cut tax without a plan to pay for it caused a sharp fall in the value of the pound on currency markets, which reached an all-time low against the…

The Conversation · Sep 30, 2022

1 Stock to Avoid as the Fed Attempts to Cool Down the Economy

Shares of online real estate services company Opendoor Technologies (OPEN) have plummeted more than 75% in price year-to-date with the cooling down of the housing market amid rising interest rates. Furthermore, the company is expected to incur huge losses in the upcoming years. Hence, with the Fed signaling aggressive rate…

StockNews.com · Sep 30, 2022

House price growth stalls amid rising interest rates

Estate agents said that there could be some renegotiations amid a backdrop of rising interest rates, which could lead to house prices softening

The Independent UK · Sep 30, 2022

How do interest rates affect inflation?

Borrowing costs at their highest level in 14 years

The Independent UK · Sep 30, 2022

Question Time audience gasps as first-time buyer's mortgage offer DOUBLES after Budget

Lenders have been withdrawing mortgage products amid fears of rising interest rates in the wake of the Government's disastrous mini-Budget

Daily Mirror · Sep 30, 2022

How Kwasi Kwarteng’s budget damaged the economy and what will happen now

Policy Correspondent Jon Stone unpacks how unfunded tax cuts pulled the rug out from under the UK economy

The Independent UK · Sep 30, 2022

UK house price growth stalls month-on-month in September

Estate agents said that there could be some re-negotiations amid a backdrop of rising interest rates, which could lead to house prices softening.

Evening Standard · Sep 30, 2022

House price growth stalls month-on-month in September

Estate agents said that there could be some re-negotiations amid a backdrop of rising interest rates, which could lead to house prices softening.

The Independent UK · Sep 30, 2022

Grinning Liz Truss says it's not her job to give mortgage advice as budget causes chaos

The shameless Prime Minister also appeared to deflect blame for rising interest rates onto the Bank of England and claimed a global global economic pressure is responsible for the UK's woes - despite no other currencies plummeting to the same extent

Daily Mirror · Sep 29, 2022