The official interest rate has remained unchanged at 4.35 per cent following the Reserve Bank of Australia’s (RBA) board meeting this month.

After the Reserve Bank kept interest rates on hold last week, it will get further clues on inflation and how well interest rate hikes are working.

A higher-than-expected inflation rate of 4 per cent for May has raised expectations the Reserve Bank will have to raise rates at its next meeting.

The Bank of England on Thursday kept its main interest rate at a 16-year high of 5.25 per cent even though inflation has fallen to its target of 2.0...

Seventh consecutive freeze comes despite fall in rate of inflation to 2% target last month

Even though prices fell in May, overall inflation has lifted to a six-month high of 4 per cent. Mortgage holders face a nervous wait for the Reserve...

Stubborn inflation and an extremely weak economy pose a difficult balancing act for the Reserve Bank of Australia as it plots its next move on rates.

Officials kept rates at their highest level since 2008 for a seventh consecutive meeting, even as inflation dipped to 2 percent in May.

Inflation in Britain might finally have fallen in the target range but the Bank of England has held its main interest rate at a 16-year high of 5.25...

The Bank of England on Thursday kept its main interest rate at a 16-year high of 5.25%, even though inflation has fallen to its target of 2%.