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Discover LudwigThe phrase "rate rises" is correct and can be used in written English.
It is commonly used in economic or financial contexts to describe an increase in the value or level of something, such as interest rates or inflation. Example: "The inflation rate rises have been a cause for concern among policymakers."
Exact(58)
Britain's jobless rate rises.
Her rate rises vertiginously.
No interest rate rises?
The murder rate rises, too.
The poverty rate rises to 15.1 percent.
Asia has already seen interest rate rises.
That growth rate rises to 59.6 percent.
Further interest rate rises seem unavoidable.
Interest rate rises are not bad news for everybody".
The slow path to rate rises in 2015 remains.
Carney still expects rate rises to be steady, and gradual.
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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