The Latest Breaking News from Interest Rates

A £22bn ‘black hole’ could be filled overnight if Labour stopped paying unnecessarily high interest on balances at Threadneedle Street

A marked slowdown in hiring and rising unemployment means the Fed might have to make steep cuts to interest rates soon.

High interest rates combined with inflation have contributed to a slowdown in home furnishing and good sales

Investors may want to take stock of their portfolios once the Federal Reserve starts lowering interest rates.

The inflation spike caused by external factors including the Ukraine war might be over, but the importance of interest rates to the UK economy isn’t going away. Continuing global instability and the newly elected Labour government’s commitment to growing the economy mean the Bank of England will have to stay…

Incremental cuts likely over two to three years with rates expected to stay well above pre-Covid levels of 0.75%

Bank of England cuts interest rates to 5% to address economic slowdown and lower inflation, impacting housing market and inflation risks.

City Voices: The MPC needs to be much bolder

Committee votes by five votes to four in favour of cut as governor says inflationary pressures have eased enough