BBCNEWS World Business Report July 6, 2024
we start here in the uk — where investors are now betting the cost of borrowing will have to keep rising because inflation remains stubbornly high. that's despite a pledge by the government to bring it down, and a barrage of interest rate rises by the bank of england attempting to get it under control. just a few weeks ago, we were assuming that after 11 increases in a row, the bank would not have to raise rates much further. but on wednesday, there was a major rethink on financial markets, which are now pricing in three more rises this year, with rates hitting 5%. here's why. pric...
Source: archive.org
