Interest rates have not peaked

Interest rates have not peaked

The Bank of England has raised interest rates from 4 per cent to 4.25 per cent today, the 11th consecutive rate increase since December 2021, to continue the steepest programme of rate rises in recent history. This will increase the cost of mortgages and rents, depress wages and make it more expensive for businesses to borrow – but it is highly unlikely that this is the last rise of the current cycle. Expectations of further increases had been r…

CBO hikes interest rates

Muscat: The Central Bank of Oman (CBO) has raised the interest rate on repurchase operations for local banks to the same extent as the increase set by...