Getty ImagesMortgage costs are rising - with the average rate on a two-year fixed deal now at 5.5% - despite a recent cut in interest rates.A string of lenders, ...

A slowdown in the rate of pay growth has raised expectations that UK interest rates will be cut next month.Pay grew at its slowest rate for more than two ...

Getty ImagesInflation held steady at 2.2% in the year to August, despite a jump in the cost of flights.The rise in air fares was offset by lower fuel prices ...

Biden administration officials have been saying for months that the post-Covid surge in inflation is over. On Wednesday, the Federal Reserve agreed.Given that the US central bank, and its ...

Getty ImagesThe US central bank has lowered interest rates for the first time in more than four years with a bigger than usual cut.The Federal Reserve reduced the target ...

Getty ImagesThe US central bank is poised to lower interest rates for the first time in four years on Wednesday, a milestone moment for the world's largest economy. The ...

Andrew Kenningham of Capital Economics called the European news a blizzard of depressing economic data that "confirms that the eurozone economy was in free-fall".In the case of France, the ...

Consumer prices in the US rose at the slowest pace in more than three years last month, bolstering the case for the central bank to start cutting interest rates.Overall, ...

The UK's inflation rate has risen for the first time this year, official figures show. It means overall prices rose by 2.2% in the year to July, up from ...

Lower mortgage costs and more interest rate cuts could fuel a rise in house prices for the rest of this year, Halifax has said.The mortgage lender's prediction came after ...

BBCMortgage broker Peter Seymour says the rate reduction would be "great news for borrowers".'A double whammy'Interest rates dictate the cost of borrowing set by High Street banks and money ...

A decision by the Bank of England to cut interest rates later is "on a knife-edge", according to analysts.Traders have bet on a 60% chance that the UK's central ...