BBCNEWS BBC News at Ten June 4, 2024 22:02:00
To control inflation. the bank confirmed that the economy is set to enter recession this year, but it said the recession could be less pronounced than previously thought, as there are early signs that the economy is starting inflationary moments close to its highest level for a0 years. the bank is warning there are big risks to manage, their words, today. let's start tonight with our economics editor, faisal islam. so, rates have been raised consistently and rapidly in just over a year, from nearly zero to today's a%. however, the question arising today is if it will go up much further, or eve...