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— the annual rate at which prices have been going up. inflation peaked at more than 10% last year, forcing the bank to raise interest rates aggressively to try and bring it under control. but it has since fallen sharply. and on wednesday, official figures showed it was down to 3.9% in november, the lowest rate in 2 years, and far lower than expected. that's raised hopes the bank of england will be soon able to start cutting the cost of borrowing, easing pressure on businesses and households. here's our economics editor, faisal islam. arp and now sharply down. over the past year, in...

>> margaret: millions taking to the roads and skies ahead of the holiday weekend. may see wet weather out west. rudy giuliani files for bankruptcy, just days after a jury because he has to pay nearly $150 million. and tonight's "eye on america," we'll tell you about the ai program that's helping airports track down your lost items. >> once we find that i am for them, they are so happy. >> margaret: and visiting children and newborns and even e christmas spirit under watch. >> merry christmas. [laughter] ♪ ♪ >> margaret: good evening. i'm margaret brennan in tonight for norah o'do...

a major new service unveiled to take on the likes of netflix, disney and amazon. but will viewers stump up the cash for another subscription? let us now focus on the top money stories. we start with the cost of borrowing, because the number two at the international monetary fund has told the bbc we shouldn't bank on lower interest rates any time soon. the imf and world bank are hosting global financial leaders at their spring meeting in washington, dc. the imf�*s deputy managing director has been speaking to our correspondent, samira hussain. gita gopinath told samira that central ...

synagogue attack. new details about the man charged with trying to firebomb a large synagogue in new jersey. "eye on america," the effort to save america's largest coral reef. cbs's manuel bojorquez takes us there. >> we'll show you what's happening inside this lab. >> norah: plus eye drop recall after an over-the-counter brand was linked to vision loss and one death. ♪ ♪ and the young singer hitting all the right notes on her journey to the grammy awards. ♪ to explain ♪ ♪ ♪ >> announcer: this is the "cbs evening news" with norah o'donnell, reporting from the nation's cap...

prominent attorney killed his wife and son. synagogue attack. new details about the man charged with trying to firebomb a large synagogue in new jersey. high on america, the effort to save america's largest coral reef. cbs's manuel bojorquez takes us there. >> we will show you what happens inside this lab. >> norah: plus i drop recall after an over-the-counter brand was linked to vision loss and one death. ♪ ♪ and the young singer hitting all the right notes on her journey to the grammy awards. ♪ to explain ♪ ♪ ♪ >> announcer: this is the "cbs evening news" with norah o'd...