Australia interest rate rise takes cash rate to 4.85% in fifth 2026 move
Australia interest rate rise: the RBA raised its cash rate to 4.85 per cent on 3 November. See why it moved and what mortgage borrowers and savers should check.
interest rates
US Fed raises interest rates for first time in three years — Here’s what it means
The US Federal Reserve has raised its benchmark interest rate for the first time in more than three years, taking the target range to 3.75%–4% in a move that could have consequences beyond the American economy. The Federal Open Market Committee approved the quarter-point increase by a unanimous 12–0 vote on September 16, saying inflation … Read more
CBN holds interest rate at 26.5% as Olayemi Cardoso rejects intervention policies, warns on inflation risks
The Central Bank of Nigeria (CBN) has maintained its benchmark interest rate at 26.5 per cent, reinforcing its cautious approach to inflation control and macroeconomic stability amid renewed economic pressures. The decision was reached during the 305th meeting of the Monetary Policy Committee (MPC), where policymakers opted to hold all major monetary parameters steady despite … Read more
Jerome Powell scores stunning court win as Judge blasts DOJ probe and blocks Fed subpoenas
In a dramatic escalation of the clash between the Trump administration and the Federal Reserve, Chair Jerome Powell scored a major legal win after a federal judge blocked grand jury subpoenas issued as part of a criminal investigation into the central bank chief. The ruling, which sharply criticised the Justice Department’s actions, has intensified debate … Read more
Trump set to name Kevin Warsh as next Fed Chair as Powell era nears its end
President Donald Trump is expected to announce Kevin Warsh as his nominee for Federal Reserve chair, according to multiple people familiar with the decision, potentially ending months of speculation over who would replace Jerome Powell at the helm of the U.S. central bank. Trump confirmed Thursday night that he had finalized his decision and would … Read more
UK inflation falls to 3.6% — But why are food prices still so high and what will the 2025 budget change?”
After months of stubborn price pressures and a frustrating standstill in consumer confidence, the United Kingdom has finally recorded a modest shift in its inflation trajectory. October’s Consumer Prices Index (CPI) eased from 3.8% to 3.6%, signalling what many analysts hope is the beginning of a gradual return to economic stability. While modest, the drop … Read more
Federal Reserve quietly injects $125 billion to ease bank liquidity strain — Analysts debate ‘stealth easing’ move
The U.S. Federal Reserve has injected approximately $125 billion into the country’s banking system over the past five days — its largest short-term liquidity operation since the early stages of the COVID-19 pandemic in 2020. Data from the Fed’s overnight repurchase (repo) operations show that the central bank’s single biggest liquidity boost — about $29.4 … Read more
Trump fires Fed Governor Lisa Cook: What you need to know
In a stunning escalation of tensions between the White House and the Federal Reserve, President Donald Trump announced the firing of Fed Governor Lisa Cook on Monday, August 25, 2025. The move, tied to allegations of mortgage fraud, represents the first attempt by a sitting U.S. president to remove a Federal Reserve governor, sending shockwaves … Read more
Interest rates fall to 7% for South Africans – here’s how it affects you
SARB cuts repo rate to 7%, aiming for a 3% inflation target amid global risks and rising US tariffs, easing pressure on consumers.