BBCNEWS The Context with Christian Fraser June 4, 2024 21:31:00
The uk editorfor politico, and ron christie, former adviser to george w bush. we start here in the uk. the bank of england has raised interest rates to their highest level for m years as it continues trying to curb inflation. interest rates now stand at 4.25% — and to give you an idea of how much they have risen — they were right down at 0.1% — at the start of december 2021. the latest rise comes a day after an unexpected jump in the rate of inflation. the governor of the bank of england did say he is much more hopeful now that the uk can avoid a recession. but he wouldn't say if interes...