Text size Traders work on the floor of the New York Stock Exchange on Friday. Spencer Platt/Getty Images Friday’s jobs report caused short-term interest rates to pop, but there is still plenty of room for them to surge. That could spell trouble for the stock market. The Bureau of Labor Statistics reported that the US … Read more
With rising fears of inflation and the increasing cost of living, there is pressure on central banks – including the Bank of England – to raise interest rates in response. Interest rates have been at close to rock-bottom levels since the global financial crisis of 2008, and were lowered again in response to the coronavirus … Read more
In an attempt to curb rapid inflation, the Bank of England (BoE) will increase interest rates, to what many economists predict will be 0.5 percent, up from 0.25. Official inflation reached 5.4 percent in December, the highest level since March 1992 – while the BoE has warned it could rise further to six per cent … Read more