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Transcripts For BBCNEWS BBC News at Six 20240707

latest project launching the see monster, the latest in a creativity festival costing millions of pounds. with over 2000 football related arrests last season. good evening. interest rates have risen to their highest level for m years, heaping extra costs on mortgage holders, credit card users and businesses. the governor of the bank of england warned that the uk economy may already be in recession. rates have risen by 0.5% today the seventh hike in a row, as the bank tries to curb inflation. interest rates now stand at 2.25%. 0ur economics editor faisal islam has the details. for islam has the details. nearly a decade and a half, british for nearly a decade and a half, british interest rates have been extremely low. forthe british interest rates have been extremely low. for the homeowners, high street businesses and corporations, it had become used to very low base interest rates, this is now at an end. in nantwich in cheshire, the ice cream farm has benefited from inve

Transcripts For BBCNEWS World 20240702

from new york. michelle fleury reports. we should get further evidence there is slowdown in the job markets. employers are growing more cautious and employees are sticking around longer. one caveat should see some distortion to the numbers, the auto and actors strikes both endedin auto and actors strikes both ended in november with many returning to work that same month. plus, the end of the year is when many seasonal workers get taken on. american central bank, the federal reserve, it will be watching closely because lowerjob growth will feel expectations the pheasant will leave rates on hold. they have risen 5% from nearly zero since march of last year as it wrestled to bring down inflation. thejobs report is a lot of economics data before the us central bank s meeting next week. despite expectation for a slowdown, america s labour market remains strong by historical standards. still, market remains strong by historicalstandards. still, if historical standards. still, if ec

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