The Bank of England’s Monetary Policy Committee voted on July 5th to raise the official Bank Rate paid on commercial bank reserves by 0.25 percentage points to 5.75%.

The Federal Open Market Committee decided on June 28 to keep its target for the federal funds rate at 5-1/4 percent.

From Monday 20 August 2007 Liffe will introduce a new trade matching algorithm for its Short Term Interest Rate futures contracts.

The Federal Reserve, saying that inflation remains its “predominant policy concern,” left its benchmark interest rate unchanged at 5.25 percent on Thursday and signaled that it would keep it at that level for some time, The New York Times reported.

Last week, the Bank of England's monetary policy committee (MPC) announced that interest rates were to remain at 5.5 per cent.

The Internal Revenue Service announced on June 20 that there will be no change in the interest rates for the calendar quarter beginning July 1, 2007.

Fannie Mae (NYSE: FNM) will redeem the principal amounts indicated for the following securities issue on the redemption dates indicated below at a redemption price equal to 100 percent of the principal amount redeemed, plus accrued interest thereon to the dates of redemption:

2 1/2 % Index Linked Treasury Stock 2016

In accordance with the terms of the prospectus dated 14 January 1983, the Bank of England announces that the rate of interest payable on the above stock for the interest payment due on 26 January 2008 will be £3.1578 per £100 nominal of stock.

Treasury yields soared to a new 5-year high Wednesday, surpassing the Federal Reserve's benchmark rate of 5.25 percent, prompted by fears of higher interest rates amid strong global economic growth, reported CNN.

Freddie Mac, the nation's second largest mortgage company, reported a first-quarter loss of $211 million (U.S.) because of its interest-rate hedging activities.

On Thursday stocks went down sharply, along with the Dow Jones index falling for nearly 200 points. This fall is connected with the rise of long-term interest rates.

This week marks the launch of the eighth year of the Interest Rate Challenge, a competition designed to give 16 to 18-year old students across the UK the opportunity to take on the role of the Bank's Monetary Policy Committee (MPC) and set the official interest rate for the UK to meet the inflation target of 2.0%.