From 5 to 5. 25 . And for the first time, its suggested that rates will stay higher for longer in an attempt to drive down stubborn inflation the rising cost of goods and services by reducing the amount of money we have to spend. Although todays increase means Borrowing Costs are at their highest level since 2008, it follows an era of unprecedented low rates. In previous decades, rates were much higher we can see here that in the 1980s rates got up to 18 before gradually falling. The bank today cut its forecast for economic growth, though it said the uk will avoid a recession. In a moment, well hearfrom savers, as well as families trying to cope with increasing costs, but first, heres our Chief Economics correspondent dharshini david. From cafe says customers may resist rate as higher mortgage and rent payments bite, to Estate Agents grappling with a sagging housing market, the hit from Interest Rates is clear. But for a very small minority, that impact is Life Changing. Minority, that
Tributes to him were more than a baseball story. More than a sports story. His story was written across the front pages of newspapers because doc transcended sports. And k9doc the dog he helped bring to the pasco county sheriffs depth led the crowd out to. Today the celebration of fifty five still going on. Ill have more from halladays Service Coming up at 6 00. Lucy. All right, thank you very much, kristen. We have breaking News Northern california Authorities Say a gunman killed four people and wounded a number of others including children before police shot him. Investigators say that he randomly started pickingly off targets around Corning Union Elementary School in a community about 130 miles north of sacramento. Police did recover a semi automatic rifle and two hand guns after the shooting. Well have more as it continues to come in. And police are on the hunt for a man that shot off rounds of bullets during rush hour last night on i95 in our area, of course. They say he was drivi
Everybody. Thank you for being with us on this monday morning, it is august 15. I am gene lavanchy. I am sara underwood. Welcome back. Gene thank you, thank you. Sara a the rain is gone. In the Storm Tracker accident we are we are seeing 90 and which spots will stay in the 80s. Jason sara, gene, good morning. Watching the humidity come down. Will take a turn for the better. Giving way to just what i would call sticky. Not going to get in the dry zone, but better than yesterday. Here is our forecast hour by hour for plymouth. Lower 80s at 9 00 in the morning. Hitting upper 80s at 1 p. M. And sea breeze coming in and will see gradually lowering temperatures later in the day. The north shore topping out in the middle 80s bet than the mid90s that we had yesterday. We will see 91 on the west side of boston in the metro west neighborhoods today. And a little cooler at the coast. Timing rain for tomorrow though and in just a few minutes. Stay with us. And we are following some breaking news n
Responsible for 87 Power Outages. You can see there are plenty of lightning is plenty of lightning. Futurecast shows they will linger through the evening and heavy at times and possibility of severe thunderstorm although now the biggest concern is heavy downpours and very frequent lightning. Hour by hour the storms continue into the middle evening and tomorrow morning we wake up drive and will let you know how long it lasts until the next storms arrived. Funeral service and in a few hours ago for this 10yearold boy who was killed at a kansas waterpark. Philip schwab died from a neck injury when going down the waterslide and his father is a state representative a kansas asking for prayer for his family. Waterpark is now back open. The right itself will stay struct a sixyearold girl shot yesterday recovering after having a bullet removed from her head. She was alert and talking after being shot yesterday for family members say she was outside playing with water balloons which were shot.
In fact, temperatures today coming down out of that oppressive category. We are in the mid to upper 90s yesterday. Right now we are in the 70s, but humidity is coming down out of that oppressive category. We will be into the sticky area. Not too bad, but not dry by any stretch. It is august after all. Lets take a look at plymouth. Hour by hour, low 80s at 10 a. M. Middle 80s at noon. Out of the upper 90s and highs only in the mid to upper 80s for you today with an onhis or her wind. Keep the north his or her in the middle 80s as well. Metro west neighborhoods and hotter away from the water and. We have got that forecast straight ahead. Stephanie has a check of the roads. Reporter if you were headed out right now, roll down the windows because it is comfortable enough outside. Wither starting to see the delays starting to stretch not surprisingly at 6 00. We are seeing the worst of it between the naponset and south boston. Meanwhile northbound north southbound, you are also starting to