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hello and welcome to audiences in the uk and around the world. we start here in the uk where the bank of england is poised for the biggest rise in the cost of borrowing for 27 years to rein in the soaring cost of living. economists expect the central bank to raise its main interest rate by half a percentage point something it hasn t done in one go since 1995. that would take it to 1.75% the most expensive borrowing costs the uk has seen for almost a decade and a half with further steep rises expected. it comes as a leading think tank has warned inflation could hit 15% before it starts to ease next year. george buckley is chief uk & euro area economist at the investment bank nomura. i assume you are with the majority and you think is half a percent rise today is a given? i a percent rise today is a civen? ~ , a percent rise today is a civen? ~ , ., a percent rise today is a . iven? ~ , ., ., given? i think it is going to happen. given? i think it is going to h ....
I assume you are with the majority and you think is half a percent rise today is a given? i a percent rise today is a civen? ~ , a percent rise today is a civen? ~ , ., a percent rise today is a . iven? ~ , ., ., given? i think it is going to happen. given? i think it is going to happen. half given? i think it is going to happen, half a given? i think it is going to happen, half a percent, . given? i think it is going to| happen, half a percent, it s given? i think it is going to i happen, half a percent, it s a majority, not everybody. 30% of economists who have been surveyed think it should be a quarter %, again is probably too strong a word and i think they will deliver and raise rates by half a percent. what im act rates by half a percent. what impact will rates by half a percent. what impact will this rates by half a percent. what impact will this have - rates by half a percent. what impact will this have on - impact will this have on inflation? impact will this have on ....