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Transcripts For BBCNEWS World 20240704

Not in line. What the bank is doing is looking back at inflation, but forward at what this Rate Decision may influence in terms of behaviour. I think, from last Bank Of England became, where they moved a 50 basis points, that was taken as a really big jump in rates. Since that decision, we have seen some improvement in inflation numbers. There were still some calming for a 50 basis point change, but i think that this was more of the consensus. As you say, the balance between trying to get inflation under control, because lets not forget, that also makes people poorer in the long run, and also, making sure that there is not too much damage done to there is not too much damage done to the economy is a Balancing Act that they have to play. And, if you watch some of the comments
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Transcripts for BBCNEWS World Business Report 20240604 13:37:00

Arguing that a shift to renewable energy will be cheaper in the long run. butjuly s rises have been a blow to people already struggling as phil mercer reports. home should be a cosy sanctuary in sydney for dianna 0lmos. but rising costs have made electricity almost unaffordable. so she does what she can to beat the winter chill, but worries about the future. power prices will increase by 20 25%. i cannot afford that. i don t know how we are going to survive this time, with a huge cost of living rise, the rising of energy bills and, you know, really extreme weather. western sydney s first community battery stores excess solar energy from nearby houses. residents without rooftop panels can join the scheme that aims ....

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