The Latest Breaking News from Interest Rates

Bank indicates anti-inflation measures in Rachel Reeves’s budget likely to pave way for rate cuts in months ahead

Global interest rates appear to be on a downward trajectory, and inflation and construction material costs have largely stabilised

The ECB held rates as eurozone inflation fell to 1.7% in January, its lowest since September 2024 and below the ECB’s 2% target. Core inflation eased to 2.2% as energy prices plunged.

The Bank of England is set to keep its main interest rate unchanged at 3.75% on Thursday

Bank splits 5-4 on interest rate decision, and hints that cuts are coming, as governor pays tribute to Alistair Darling over Mandelson revelations

Today’s interest rate announcement comes as CPI rates rose to 3.4 per cent in December

Budgeting apps are supposed to make money calmer, not cost you more. But some people notice a weird pattern: they start “getting organized,” and suddenly their credit score dips, their approvals feel tougher, or their interest rates don’t look as friendly. In most cases, the app isn’t directly reporting anything…

Most economists think the Bank’s Monetary Policy Committee will opt to leave rates unchanged at its next decision on Thursday.

The local bourse has gained for a second straight session, supported by resurgent gold stocks and a positive outlook for the Aussie dollar.

When the Reserve Bank of Australia (RBA) board voted unanimously to lift the cash rate to 3.85% on Tuesday, the decision was driven by one overriding concern. It wants to stop the rising cost of living from becoming entrenched.

In late January, the gold price reached an all-time peak of around US$5,500 (£4,025). January 30 saw one of the largest one-day falls in prices, which sank by nearly 10% after hitting a record high only the day before.