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Transcripts For BBCNEWS World 20240704

Not in line. What the bank is doing is looking back at inflation, but forward at what this Rate Decision may influence in terms of behaviour. I think, from last Bank Of England became, where they moved a 50 basis points, that was taken as a really big jump in rates. Since that decision, we have seen some improvement in inflation numbers. There were still some calming for a 50 basis point change, but i think that this was more of the consensus. As you say, the balance between trying to get inflation under control, because lets not forget, that also makes people poorer in the long run, and also, making sure that there is not too much damage done to there is not too much damage done to the economy is a Balancing Act that they have to play. And, if you watch some of the comments Andrew Bailey made after the meeting, there were some pretty negative outlook in terms of gdp and the general gross scenario for the uk. Scenario for the uk. And, a fine line in terms scenario for the uk. And, a fi

Transcripts for BBCNEWS World Business Report 20240604 13:31:00

not in line. what the bank is doing is looking back at inflation, but forward at what this rate decision may influence in terms of behaviour. i think, from last bank of england became, where they moved a 50 basis points, that was taken as a really big jump in rates. since that decision, we have seen some improvement in inflation numbers. there were still some calming for a 50 basis point change, but i think that this was more of the consensus. as you say, the balance between trying to get inflation under control, because let s not forget, that also makes people poorer in the long run, and also, making sure that there is not too much damage done to there is not too much damage done to the economy is a balancing act that they have to play. and, if you watch some of the comments andrew bailey made after the meeting, there were some pretty negative outlook in terms of gdp and the general gross

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