The Latest Breaking News from Interest Rates

The head of the European Central Bank says interest rates will stay high enough to restrict business activity for “as long as necessary” to beat back inflation because upward pressure on prices “remains strong.”

Amid the growing challenges of ratings downgrades by top credit rating agencies and higher deposit costs, it could be wise to look beyond borders and buy fundamentally strong foreign banking names Commerzbank (CRZBY), Intesa Sanpaolo (ISNPY), and Banco BBVA Argentina (BBAR), which have delivered impressive returns. Read more….

Mounting optimism that home-loan costs have peaked after Bank of England keeps interest rates on hold

Service sector and manufacturing output falls, with cost of living crisis also hitting businesses

Who says higher interest rates are bad for S&P 500 stocks? A select group is thriving even as the Federal Reserve hikes.

Bank of England halts run of base rate rises but borrowers still have much to ponder

City voices: The crisis may not be over, but there are signs we’re approaching the end

Comes as Bank of England decides to freeze interest rates at 5.25 per cent for first time in two years

Asian shares are mixed after another slump on Wall Street driven by expectations for U.S. interest rates to stay high well into next year