BBCNEWS World July 5, 2024
— lower but to put that into context it was at zero in europe this time last year. and in the world's largest economy the us, the cost of borrowing is at 5% to 5.25%. but critics point out rising interest rates is a blunt tool that comes with its own set of dangers that can pose further risks to the economy. so what else can be done? well, central bankers are getting together today in portugal to chew over this challenge. joining me now isjennifer mckeown — chief global economist at capital economics. good morning to you, jennifer. so it's a lovely location, portugal, you got chr...