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to counteract rising prices. if we don t act inflation will become more embedded, it will get worse and we ll have to raise interest rates by more and we have to act to stop we ll be asking just how badly this is going to hit us, and what the two people vying might do to help. also on the programme. china releases images of the country s launch of ballistic missiles into waters around taiwan, in response to a senior us democrat visiting the island nation yesterday. in ukraine, we have a special report from the conflict in the south as ukrainian fighters look to regain the strategic city of kherson. brilliant from jack laugher. and at the commonwealth games, england s jack laugher wins a third successive gold in the one metre springboard final. and coming up on the bbc news channel, hinako shibuno leads the way after the first round of the women s open at muirfield, but scotland s louise duncan is hot on her heels, just two shots behind. good evening. the bank of engla ....
stagflation has been. after announcing the single biggest great ride since 1995, interest rates now at 1.75%, the governor told us the recession later this year will be long, and as long as the one we endured through the financial crisis, as deep as that in the 19905. crisis, as deep as that in the 1990s. on top of that, they forecast the average household energy bill will be three times what it was a year ago, will be three times what it was a yearago, by will be three times what it was a year ago, by october, atjust under £300 a month. here s the governor of the bank of england, andrew bailey. through energy prices. we ve got to be blunt about this, it s coming from the actions of russia. gas prices since may is a big impact, gas prices since may is a big impact, as gas prices since may is a big impact, as what off gem announced this morning. i m afraid it s passing this morning. i m afraid it s passing directly into inflation and it will passing directly into inflat ....