interest rates, Bank of England
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Interest rates have been cut to 3.75%, the lowest level in almost three years, but further reductions are set to be a "closer call", the Bank of England has said. In a knife-edge vote, policymakers voted 5-4 in favour to lower rates from 4% reflecting concerns over rising unemployment and weak economic growth.
The move was expected, but three dissents show that the central bank is divided on the future path of interest rates.
HELOC rates could fall in 2026 if the Fed rate-cutting trend continues, but there are other possibilities, too.
The Federal Reserve cut short-term interest rates for a third time in 2025. What's next for borrowers and consumers?
Real GDP to rise from about 1.5% in 2025 to around 2.25% in 2026, in part due to the effects of the government shutdown as well as from tailwinds from fiscal policy, favorable financial conditions and increased investments in artificial intelligence.
In this economic environment, nearly anything could happen. Here's what to expect for mortgage refi rates next year.
The Nikkei 225 Index dropped by 1.30% on Monday as traders waited for the upcoming Bank of Japan (BoJ) interest rate decision.
ECB expected to lift growth forecasts again this week while holding rates steady but next move may be to raise rates