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United States Chair of the Federal Reserve Jerome Powell states that increased unemployment rates and labor market cooling has made it necessary for the Federal Reserve to markedly reduce interest rates in the near future.
2024-08-23

The European Central Bank raises interest rates for the 10th time to mitigate high inflation amid concerns that higher borrowing costs could push the economy into a recession.
2023-09-14

The Turkish central bank raises its main interest rate from 15% to 17.5% in order to control rising inflation, after the key rate nearly doubled last month.
2023-07-20

Chancellor of the Exchequer Jeremy Hunt unveils a "mortgage charter", which includes a 12-month protection against repossession, to assist property owners with increasing mortgage costs caused by the Bank of England's interest rate hikes.
2023-06-23

The economy of New Zealand enters a recession after gross domestic product fell 0.1% in the March quarter, as the central bank raises interest rates to a 14-year high. Annual growth also slowed to 2.2%, according to Statistics New Zealand.
2023-06-15

Meta Platforms announces plans to cut 10,000 more jobs across its workforce, citing "higher interest rates in the United States, global geopolitical instability and increased regulation" as the reason for the layoffs.
2023-03-14

The European Central Bank raises interest rates by 0.5 percentage points for the first time since 2011 in order to combat inflation in the EU which increased to 8.6% last month.
2022-07-21

The Reserve Bank of Australia slashes its official cash rate to a historic low 0.1%, in an attempt to boost spending in the economy and address the high rate of unemployment caused by the COVID-19 pandemic. It is also expected that the cash rate will not go up for at least another three years.
2020-11-3

The People's Bank of China in the People's Republic of China lowers its benchmark interest rate for the third time in half a year.
2015-05-10

Italy's cost of borrowing reaches a record high, with interest rates on 10-year loans rising to 7%, as fears grow of an escalating economic crisis.
2011-11-9