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where they are, let s keep them high to show financial markets that we are serious about fighting inflation and wait until it comes down before we loosen. of course the criticism here is that, and the bank s own analysis shows that, that it takes 1.5 years for the full effect of interest rate increases to ripple through the economy, so we might well be in a situation where we have kept rates very high for quite a while and that is really pummelling the economy, we are getting low or even negative growth and inflation is even below target. so it s understandable why the bank of england is risk averse and wants to make sure inflation is squeezed out for sure, make sure inflation is squeezed out forsure, but make sure inflation is squeezed out for sure, but there is a real risk of them are leaving rates too high for too long. of them are leaving rates too high fortoo long- of them are leaving rates too high fortoo lonu. . ~ ,, . ., for too long. thank you so much for our for t ....
push us back. president putin went on to say. for more on this, we canjoin my colleague vitaly shevchenko who has been much of that news conference. we will go on to some of the other that president putin has been saying in a moment. what we just cut to was the president taking a question from a member of the public who appear to be at home, that s something isn t it? ~ , , ., ., it? well, it might be unusualfor leaders outside it? well, it might be unusualfor leaders outside of it? well, it might be unusualfor leaders outside of russia, - it? well, it might be unusualfor leaders outside of russia, but i it? well, it might be unusualfor. leaders outside of russia, but this is what vladimir putin has been doing for more than 20 years. he s been holding these 0 and a sessions called direct lines with members of the public, but the thing to remember is that very little is left unscripted during these events. whereas vladimir putin has taken difficult questions now and ....
and terrorist infrastructure . as the weather worsens across the region, the situation on the ground for hundreds of thousands of people who have fled south in gaza in recent days and weeks will become much tougher. we can check on the humanitarian situation on the ground. live now to ramallah where we re joined byjohn entwistle, spokesperson from the international federation of the red cross. thank you for speaking to us on bbc news. heavy rain with us. i assume the same way you are and in up give usa the same way you are and in up give us a sense of the situation on the ground this morning. us a sense of the situation on the ground this morning. thank you for the time. ground this morning. thank you for the time- as ground this morning. thank you for the time. as you ground this morning. thank you for the time. as you rightly ground this morning. thank you fori the time. as you rightly report, the situation the time. as you rightly report, the situation is ....