Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Business & Finance › What does the raise in interest rates mean?
Business & Finance

What does the raise in interest rates mean?

What does the raise in interest rates mean?
BBC Business Thursday 05 November 2026, 14:02 UTC 1 min read
Key Points

The BBC's cost of living correspondent Kevin Peachey explains what the change could mean for those saving for a holiday or to buying a house.

The BBC's cost of living correspondent Kevin Peachey explains what the change could mean for those saving for a holiday or to buying a house.
Kevin Peachey (PERSON)
Originally published by BBC Business Read original →

Related Stories

Wendy’s Rejects Takeover Bid From Peltz's Trian

Wendy’s Rejects Takeover Bid From Peltz's Trian Wendy’s Co. board unanimously rejected an offer from a group led by Nelson Peltz’s Trian Fund Management to buy out the burger chain for about $1.4 billion, saying the proposal substantially undervalues the company’s prospects and long-term earnings potential. Craig Trudell has more on "Bloomberg Open Interest."

Bloomberg Markets 15m ago

Barkin sees interest rate hikes ahead, but at a gradual pace

Richmond Federal Reserve President Thomas Barkin said Thursday that he expects the central bank will have to raise interest rates further, though he's not sure by how much or at what pace. In a CNBC interview that was part of the Richmond Fed's 2026 CFO Summit, the policymaker expressed concern over inflation and said monetary policy will need to adjust. "Unemployment's near record lows, and inflation is too high.

CNBC 19m ago

Debt of poorest countries at record $9.4tn high, World Bank data shows

Cost of servicing external debt is preventing developing countries from investing for futureDebt owed by developing countries rose to a record $9.4tn (£7tn) last year, with the poorest paying the highest interest rates since the late 1980s, World Bank data shows. The UK government is preparing to champion a “new drive on debt” as part of its presidency of the G20 next year – a move the prime minister, Andy Burnham, has linked to confronting the legacy of slavery.

The Guardian Business 27m ago

Lower-Income Nations Face Highest Debt Costs Since 1989: World Bank

Poorer Nations Face Highest Debt Costs Since 1989, World Bank Says Emerging economies’ external debt climbed to a record $9.4 trillion in 2025, according to the World Bank, boosted in part by the poorest nations facing borrowing cost levels unseen since the 1980s. Lower-income countries paid an average of 8.2% when taking fresh private loans and 9.4% in new bond issuance last year, the bank said, referring to the countries that can get grants and concessional financing from the lender. For...

Bloomberg Markets 27m ago