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BBCNEWS World Business Report July 6, 2024

that s the message sent by the european central bank as it ploughs ahead with plans to raise rates, despite sluggish growth in the eurozone, and turmoil in the banking sector. the ecb s main interest rate was hiked by 50 basis points to 3.5% as it tries to keep a lid on rising prices. but the language from policymakers has begun to strike a new note, dropping a reference, used in previous statements, to the need to raise rates significantly going forward. agnese ortolani is a europe analyst at the economist intelligence unit. so, we have had this rate rise within the last hour. give us a sense of what this tells us. they don t seem to be overly concerned about the banking sector. yes indeed, about the banking sector. yes indeed. the about the banking sector. yes indeed, the ecb about the banking sector. 13; indeed, the ecb decided about the banking sector. yes indeed, the ecb decided to go ahead with this, because it is related to inflation the euro zone, so it is infla

BBCNEWS World Business Report June 4, 2024 14:41:00

so it s really demoralising that the majority, well, not even the majority, my whole salary goes on childcare. good news, it s a good news day for childcare. and i think it s reassuring that it s now on the agenda and top of the agenda. a shame it s taken so long. if you had more free childcare, then you would work a bit more? yeah, yeah, for sure. i think i like the balance. this is amazing. june is in charge of this nursery and 39 others across london. she s sceptical the government plans can work. they re saying that childcare wants to be the best, they want to be the best, they want to do the best for parents. then they need to fund it and they need to put their hands into their pockets a little bit more deeply than 20k million. you re not sure the sums add up yet? they don t add up. this has been dubbed the back to work budget with a whole range of measures to tempt parents, the over fifties, retirees and those on disability benefits into employment. and that includes abolishing

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