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rates to a 15 year high at 4.5% as it continues its fight against high inflation. and donald trump calls for republicans to let the us default on its debt rather than give way on biden s spending plans. hello. a warm welcome to the programme. this is world business report, i m ben thompson and we are going to start in the uk where the bank of england has raised interest rates for a 12th consecutive month. all of that as it tries to fight high inflation. uk interest rates were raised by 0.25%, while the bank said inflation would fall sharply in april but not as far or as fast as it previously thought. last month inflation slowed to 10.1% but that figure is still way above the bank of england s target. remember that target is 2%. let s speak to victorias, head of investment at interactive investor. lovely to see you. let s talk about what we have heard. first the interest rate itself because the interesting stuff is what the bank told us about what might happen next. a wi ....
Developments out of the white house on this afternoon. President trump raising the stakes of what could become a trade war with china. The white house also imposing some strong new sanctions on russia. President trump looking to impose an additional 100 billion in tariffs against china. This comes just days after china announced 50 billion in tariffs on a number of key u. S. Exports. The head of the president s economic counsel tried to tamp down all the talk of a trade r war. Were not running a trade war. If you read this thing, youll see, this is just a proposed idea which will be vetted by ustr and open for public comment. Nothing has happened. Nothing has been executed. I read about theres no there, there yet, but there will be. The Trump Administration also this morning imposing sweeping new sanctions against members of Vladimir Putins inner circle. Nbcs geoff is ....
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