The Latest Breaking News on Rates probably on hold but all eyes on RBA governor

Inflation very gradually easing but many households still struggling

The Reserve Bank "won't hesitate" to raise interest rates further if inflation forecasts come in higher than expected, the central bank's governor says.

Inflation very gradually easing but many households still struggling

Inflation remains too high in the UK. The annual rate of consumer price inflation to September was 6.7%, the same as a month earlier. This is well below the 11.1% peak reached in October 2022, but the failure of inflation to keep falling indicates it is proving far more stubborn…

Alarm bells are ringing more loudly than the tills in the run up to the Autumn Statement and Christmas

Pound hits five-month low vs euro, shares slide in London, and UK 30-year borrowing costs hit 25-year high

Lower Energy Price Cap coming into effect this autumn but stubborn inflation means further interest rate hike likely to continue to place strain on mortgage holders

Inflation very gradually easing but many households still struggling

Federal Reserve Chair Jerome Powell says inflation remains too high and that bringing it down to the Fed’s target level will likely require a slower-growing economy and job market