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Interest rates

Economy

Japan's central bank raises benchmark interest rate to 1.25%

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Economy

European markets recover ahead of expected Fed rate hike

European markets recovered modestly as oil prices and bond yields eased, while investors awaited the US Federal Reserve’s decision on whether to raise borrowing costs for the first time in three years.

Economy

How the ECB rate hike will affect mortgage borrowers

The ECB’s decision was largely priced in before it was announced, but mortgage rates could rise further across the eurozone’s biggest economies as banks respond to persistent inflation and elevated market rates.

Economy

US inflation holds at 3.4% as monthly price rises hit fastest pace since May

US consumer prices rose 3.4% in the year to August, unchanged from July and exactly in line with expectations, but the monthly increase of 0.4% was the sharpest since May, a sign the energy shock is starting to bite four days before a Federal Reserve decision markets expect will deliver a rate hike.

Economy

Can the ECB rate hike stop an inflation shock driven by energy costs?

The ECB is raising borrowing costs to stop expensive energy from fuelling lasting inflation. Economists disagree on how far rates must rise and how much growth could suffer.

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Economy

ECB raises rates to 2.5% as energy costs bite

The European Central Bank has raised interest rates by a quarter point, lifting its deposit rate to 2.5%, as the energy shock driven by the Iran war pushes eurozone inflation higher and forces a second hike in three months.

Economy

US Treasury yields surge as $6 billion bond buyback disappoints market

The sell-off threatens to push up borrowing costs for American households and businesses.

Economy

An ECB rate hike is all but certain, the reasoning less so

The European Central Bank is all but certain to raise interest rates on Thursday, with investors pricing the move at near-total probability, but the decision is more awkward than the numbers suggest as inflation is being driven almost entirely by energy with underlying pressures actually easing.

Economy

Turkey hikes inflation forecast to 28.4% as war pushes outlook higher

Turkey lifts its inflation outlook as the Middle East conflict weighs on the country's economic projections.

Economy

Bond yields are surging globally but why aren’t equities falling?

Higher bond yields are alarming investors, but strong growth and record earnings may help equity markets absorb the rising borrowing costs.

Economy

Japan's 10-year yield hits 3% for first time since 1996 amid G20 talks

Japan's 10-year government bond yield touched 3% on Tuesday for the first time since 1996, part of a deepening global sovereign debt sell-off, while US Treasury Secretary Scott Bessent used the G20 finance meeting to press Tokyo for faster rate hikes.

Markets

Oil prices rise as US-Iran tensions flare and Warsh fans rate hike

Oil prices climbed on Monday morning as tensions flared once again in the Middle East and as investors weighed a potential US rate hike.

Economy

Warsh flags inflation concerns as he rejects Fed forward guidance

Federal Reserve Chair Kevin Warsh used his first Jackson Hole address on Friday to argue that financial conditions are not restrictive and that underlying inflation has not meaningfully improved, a hawkish assessment that strengthens the case for a rate hike, while ruling out forward guidance.

Economy

Warsh faces yields, a Treasury rescue and inflation at Jackson Hole

Federal Reserve Chair Kevin Warsh delivers his first Jackson Hole address on Friday with long-term borrowing costs elevated, inflation above target and the US Treasury already intervening in bond markets to do what monetary policy has not.

Markets

How rising bond yields could affect European households

Higher bond market yields are already affecting mortgage offers in some of Europe’s biggest economies, while governments face a slower but mounting increase in the cost of servicing debt.

Markets

European borrowing costs hit record highs on Iran war inflation fears

European government bonds came under significant selling pressure on Tuesday, with France’s 10-year bond yield hitting a 17-year high and Germany’s 10-year Bund yield reaching its highest level since 2011.

Economy

US inflation eases to 3.4% in July as Fed's next call stays uncertain

US inflation eased for a second month in July, with consumer prices rising 3.4% from a year earlier, down from 3.5% in June, exactly as economists had forecast, a reading that hands neither side of a divided Federal Reserve fresh ammunition before next month's rate decision.

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