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Discover LudwigThe phrase "interest hike" is correct and is often used in written English.
It refers to an increase in the interest rate, which is the percentage charged on a loan or credit. You can use the phrase "interest hike" in situations where you are discussing changes in interest rates, such as in financial reports or news articles. Here is an example: "The Federal Reserve announced a 0.25% interest hike, causing concern among homeowners with adjustable rate mortgages."
Exact(4)
Last week's interest hike will probably be the first of many, as the Fed raises the federal funds rate to a more normal level.
In the UK, the prospect of tougher export markets exacerbated worries about the economic outlook and traders pushed back their forecasts for an interest hike from the Bank of England this year.
The cost of an interest hike will vary per household, depending on the terms of the mortgage, how long it is taken out for, and whether it is on a fixed or a variable rate.
He says an interest hike is needed and told the BBC why it is important.
Similar(56)
13:06 Yesterday's central bank interest hikes were certainly punchy - but they won't be setting any records.
Stocks often reflexively sell off as inflation appears, especially if accompanied by steep interest hikes.
In exchange, however, you face strict payment requirements and risk substantial penalties and interest hikes if you fail to use your card responsibly.
Interests Hiking and biking.
Interests hiking, golf, dining at New York's great restaurants.
Interests: Hiking, pizza, urban exploration, more pizza In the UK, the Samaritans can be contacted on 08457 90 90 90.
Hobbies and Interests: Hiking, going to the beach, exercising, traveling, cooking, watching sports, and research.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com