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russian shelling hits targets in ukraine overnight — as nato and the western allies promise to continue helping kyiv to defend itself. hundreds of allegations of sexual or domestic abuse are made against metropolitan police staff. a report by conservationists says global wildlife populations have fallen by nearly 70% in less than five decades. good morning and welcome to bbc news. the prime minister is coming under increasing pressure to rethink the tax cuts announced in last month's mini budget. one tory mp accused her of wrecking ten years of conservative policies aimed at helpin...

have voted to maintain bank rates at 5.25%. monetary policy remains restrictive. let me be clear, there is absolutely no room for complacency. inflation is still too high. we will keep interest rates high. we will keep interest rates high enough for long enough to make sure we get inflation all the way back to the 2% target. we will be watching closely to see if further increases are needed but even if they are not it is much too early to think about rate cuts. i'm going to talk about inflation over the coming months and that i will turn to the outlook for the economy further ahead. ...

Oil rallied toward the end of the week with traders keeping an eye on interest rate hikes and geopolitical risk stemming from the Middle East

Raise interest rates again because raise ing interest rate again, that's a big rate move. raising interest rates so much so fast has put the balance sheets of these banks under pressure. many of them are sitting on mortgage backed securities, very safe long-term securities, plain vanilla assets that have lost value because they have been eroded by the higher interest rates. so now they have this mismatch on their balance sheets and that's what we're trying to work through. the federal reserve board has started a new lending facility that will allow banks to tap into the fed for one year loans....

The European Central Bank is taking a larger interest rate step than America's central bank, the Fed: If inflation in the euro area is more than 8 percent, the monetary watchdogs must continue to act. How are the power relations?