BBCNEWS BBC News at One June 4, 2024 13:02:00
Good afternoon. interest rates have gone up again — by a quarter of a percentage point to 4.25%. that's the 11th successive jump in the cost of borrowing in less than 18 months. the decision to raise rates again by the bank of england's monetary policy committee follows yesterday's inflation figures, which were higher than expected. today's rate rise is good news for savers but puts more pressure on mortgage holders — already being squeezed by the soaring cost of living. here's our economics correspondent, andy verity what correspondent, andy verity does this house mean means what does thi...
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