The economy too much. To dicsuss this further im nowjoined by the Bank Of England 5 former head of international surveillance, katharine neiss. She is now the chief european economist for pgim fixed income. Good to have no surprise that Interest Rates are still rising. Do you think that this is it . ~ ,. ,. , is it . The banker very clear today that if inflation is it . The banker very clear today that if Inflation Remains is it . The banker very clear today that if Inflation Remains resilientl that if Inflation Remains resilient at higher levels, then they could see Interest Rates are going higher from here. That said, to me, the really big message coming out of the Bank Of England today was, even in the absence of further rises in Interest Rates, they really see these higher Interest Rates that we have seen more recently as he had to say for quite some time. Yes. Have seen more recently as he had to say for quite some time. Say for quite some time. Yes, and this is taming say for qui
important this is to you on twitter @annitabbc #bbcyour questions united in music the slogan for this year s eurovision contest is unveiled as the official eurovsion handover ceremony takes place today in liverpool. and coming up on the third anniversary of brexit, we ll have a special phone in on the impact. my colleague nicky campbell will be asking what your experience has been so far, in the next half an hour. hello and welcome to bbc news. the uk economy is due to get smaller this year and do worse than other major nations, including russia that s according to the world s most important international financial organisation, the international monetary fund. it predicts the uk economy will shrink by 0.6% this year. it believes the uk will be the only country among the world s major economies to see its economy get smaller. it says its forecast reflects the uk s high energy prices, high inflation and high interest rates. the us, germany, france, italy and japan are
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government, strong skills policies, dealing with some of those reasons why inflation is higher in the uk, whether that is ineffective trading, trading deals, or some of the reasons why it is harder for people to get in the uk. i think we do need that plan from the government, because people are looking down at the moment and are paying the price for the inflation because they did not get enough protection from when that was imported from abroad. but, also, working people are paying the price of the recession, which could be around the corner. share price of the recession, which could be around the corner. be around the corner. are bank of encland be around the corner. are bank of england officials be around the corner. are bank of england officials have be around the corner. are bank of england officials have mentionedl be around the corner. are bank of. england officials have mentioned how pay rises have continued to be stronger and have crystallised in terms of the wage price