Interest Rate Guides

The Governor of the Bank of England has warned that there could be more rate hikes to come due to a tight labour market.

Following a spate of jumbo rate hikes over recent months, economists are predicting that central banks will now adopt a gentler strategy with smaller rate hikes as inflation starts to cool.

Despite the risk of a deep recession and mounting pressure on UK households, a senior official from the Bank of England has warned that the pain of interest rate hikes is not yet over.

A recent study carried out by a leading think tank has shown that young first-time buyers could be facing more than double lifetime interest costs

A banking CEO has spoken out about the raw deal that many savers are getting from High Street banks despite the Bank of England increasing interest rates again last week.

In a move that financial analysts expected, the Bank of England has increased interest rates by 0.75%, with the bumper hike taking the base rate to 3%.

As inflation continues to soar, the Bank of England will likely increase the base rate by the highest level in more than three decades later this week.

The latest inflation figures in Australia show that inflation has soared to its highest level since 1990, sparking fears that interest rates will now have to remain higher for longer

As consumers around the UK continue to struggle due to rising interest rates and living costs, HSBC has reported an increase in profits of

However, in light of the update from Andrew Bailey, there are concerns the next interest rate rise could be even more aggressive.