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Average it means wages are not keeping up with prices of that that is why people feel the cost of living squeeze and feeling their money is not going as far. inflation is 10.1%. the target by the bank of england is 2%. we are still way above that that that tends to mean the bank of england is more inclined to put up interest rates to try to slow down the price rises and relieve pressure on households. a lot of that will be factored into their next decision when the bank of england committee meets to decide what to do on interest rates. interest rates currently 4.25%. the big question, where th...

19.2%. so that makes things a lot more expensive for families when you factor that into the cost of the weekly shop. there was a slight fall in the price of petrol and diesel. that is important because that affects so many other things. the cost of transporting all his goods around. if petrol and diesel start to full, it may start to feed through in the prices for goods that had to be shipped around. it takes some of the pressure down. the 10.1% rate of inflation is way above the bank of england target. we are way above it. it tends to lead to the bank of england increasing the base interest r...

Too cautious. i in early, but may be was a little too cautious.— in early, but may be was a little too cautious. i think you have to remember _ too cautious. i think you have to remember the _ too cautious. i think you have to remember the us _ too cautious. i think you have to remember the us has _ too cautious. i think you have to remember the us has the - too cautious. i think you have to l remember the us has the benefit too cautious. i think you have to - remember the us has the benefit of not being close to the russian war, so they haven't had the impact as strongly as we have but you ...

To buy a house in the coming months, there may be some good news for you as the international monetary fund is predicting that borrowing costs should come down to where they were before the pandemic. in a moment, we'll have a mortgages expert to answer some of your questions. but first here's nina with the details. good morning. it's the international monetary fund's job to keep an eye on all nations' economies and make predictions. but some good news — they say interest rates, which have been swiftly going up, could start coming down. as things stand, interest rates are at 4.25% — the hig...

On all nations' economies and make predictions and advise if things aren't looking good. they have reiterated their prediction that the uk is set to be the worst performing of all the big economies this year. but some good news — they say interest rates, which have been swiftly going up, could start coming down. as things stand, interest rates are at 4.25% — the highest they've been since 2008. they've been going up in an attempt to bring down this — inflation — the rate at which prices are rising. the theory is if borrowing costs more, we will spend less. reducing that upwards pressur...