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Inflation -- it's a word you hear frequently, but do you really understand what it means? The main effects of inflation are better interest rates for savings accounts and higher costs of living, ...
But what exactly is the relationship between interest rates, inflation, and how does it affect mortgage rates? Interest rates are used by the Bank of England as a tool to help control inflation.
The main way the Bank does this is through changes to its policy interest rate. Inflation is the ... A higher rate helps decrease inflation and a lower one helps it rise. Learn more about how high ...
That's where the Federal Reserve System comes in — its primary function is to maintain a low inflation rate and unemployment rate in the U.S., which it does by controlling interest rates ...
The dip in the U.S. credit rating indicates that ratings agencies believe the government is at a higher risk of default on ...
And how does the prime interest rate affect you? Most credit cards offer ... attempting to battle inflation and slow down the economy. That’s why the prime rate tends to move with economic ...
How does the federal funds rate affect interest rates for consumers ... If the Federal Reserve is successful in bringing inflation down, it might decide to begin lowering the federal funds ...
High interest rates are designed to slow economic growth, specifically by reducing the demand for goods and services. By reducing demand for goods and services, you also reduce inflation.
THE UK’s rate of inflation jumped to its highest level in over a year last month. The Office for National Statistics (ONS) ...
A global shock may prompt it to act quickly, before inflation figures start changing. Interest rates also affect the Aussie dollar’s exchange rate, which annoys travellers when it falls but is ...