Caution at the Bank Of England. It keeps Interest Rates on hold but the governor tells us they are optimistic that Borrowing Costs are on the Path Down. Over on Wall Street though the party is back on. Shares hit a new Record High as the fed says the economys in a good place despite Itsjumbo Rate cut billion dollar breaks Australias Economy rides a wave of interest in surfing. It is the government fully with the sport . All those puns to come a little later in the programme. We start here in the uk where the bank of England Governor Andrew Bailey has said Interest Rates are now gradually on the Path Down despite the Banks Decision to keep the cost of borrowing on hold today. The banks main rate was left at 5 after it was cut last month for the first time in more than four years. The bank ratcheted up Interest Rates to try and control inflation which hit a peak of 11. 1 back in 2022. Since then inflation has been brought down significantly its sitting just above the banks target curre
To go back to their homes. And that requires a secure environment. Joining me tonight are nadine batchelor hunt, Politics Reporter at politicshome and wills robinson, assistant Politics Editor at dailymail. Com. First the latest headlines. The leader of hezbollah has called the attacks on the groups pagers and Walkie Talkies in lebanon an unprecedented blow. But he claimed their effect had been limited, saying the leadership had survived and hezbollah s Communications Network was unscathed. Israel says its Military Chief has approved Battle Plans for its northern front, a move the defence minister, yoav gallant, says presents opportunities and risks. There are reports the idf wants to wrest control of Southern Lebanon from hezbollah and create a buffer zone. Five women say they were raped by the late owner of harrods, mohamed al fayed, when they for worked for him at the luxury department store. The bbc has now heard testimony from more than 20 female Ex Employees who say the billionai
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