Inflation has risen to 3.6% in June in what is being described as a 'hammer blow' for homeowners and borrowers.

The Pound Canadian Dollar (GBP/CAD) exchange rate lost ground last week following the release of some disappointing data from ...

The BoE cut interest rates last month to 4.25% in a three-way split vote. It cited "heightened unpredictability" with markets buffeted by U.S. President Donald Trump's rapidly shifting trade policy.

An interest-rate decision by the U.S. Federal Reserve will likely be the highlight this week as concerns grow about a weakening U.S. economic outlook due to the harmful impact of trade tariffs.

The chance of a quarter-point rate cut at the BoE's next scheduled meeting on monetary policy in May was seen at about 84% on Thursday, according to rates futures pricing.

Rising rates can add hundreds to your monthly bill and derail homeownership dreams By Kendrick Ibasco Jul 05, 2025 1:00 pm Photo credit: Shutterstock.com / PeopleImages.com - Yuri A ...

Interest-rate decisions are also due in Japan, the U.K., Switzerland, Sweden, Brazil, Taiwan and Indonesia. In China, economic indicators will be scrutinized as trade war concerns cast a shadow ...

What the rate hike means for you In general, an interest rate hike makes borrowing more expensive. So any purchase that requires a loan — for a home, car, or higher education — could be affected.

Supply constraints rather than soft demand caused recent weakness in the U.K. economy, suggesting to BOE member Megan Greene that borrowing costs will have to stay restrictive to tame inflation.

The Bank of England is expected to take another pause on its rate-cutting path Thursday as two of its European peers come to the end of their journeys.