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Transcripts for BBCNEWS Asia Business Report 20240604 23:37:00

there. as we ve been telling you on the bbc, the bank of england has hiked its key interest rate yet again. this is its 14th back to back increase, and the central bank has warned that borrowing costs will likely stay high for some time. but how will this impact savers? 0ur cost of living correspondent colletta smith met some who could benefit. at 5.25%. .. yes! - interest rates are up and there s plenty of people who are delighted. there s far more savers in the country than there are mortgage payers. we have had some reaction from jeremy hunt. - he s got onejob. ian lives off his pension, but after squirrelling away money his whole working life, he has got a small savings pot tucked away. what impact are those rising rates having for you? thank you! you are rejoicing, then, today? as a saver, for the last ten years, i have had 0.1% on my savings, literally nothing. it doesn t pay your bus fare. interest rates going up, for me, is manna from heaven and it is about time.

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