The Latest Breaking News from Interest Rates

Asian markets have declined following a mixed session on Wall Street, where buying was pressured by rising bond yields

If the Reserve Bank does push up interest rates again, the most likely next date is its next board meeting, on Melbourne Cup Tuesday.

The U.S. banking sector currently feels the pressure of credit rating downgrades. Additionally, with interest rates unlikely to be cut soon, the banking industry will likely face higher deposit costs and slowing loan growth. Amid this backdrop, will investing in JPMorgan Chase (JPM) and U.S. Bancorp (USB) be wise? Read…

House prices have fallen 3.8 per cent since interest rate hikes began, but demand for homes still outweighs supply

High interest rates blamed for year-on-year fall with price of average home £14,500 lower than September 2022.

John Lewis chair Sharon White will not seek second term at retailer, as Nationwide reports UK house prices fell 5.3% in year to September

Prices were still down 3.8% year-on-year, but that a smaller decline than in the second-quarter update

Asian shares are mostly higher in thin trading with many markets closed for holidays

While supply-driven inflation is persisting, interest rate hikes have smashed demand, including for workers.