From 5 to 5. 25 . And for the first time, its suggested that rates will stay higher for longer in an attempt to drive down stubborn inflation the rising cost of goods and services by reducing the amount of money we have to spend. Although todays increase means Borrowing Costs are at their highest level since 2008, it follows an era of unprecedented low rates. In previous decades, rates were much higher we can see here that in the 1980s rates got up to 18 before gradually falling. The bank today cut its forecast for economic growth, though it said the uk will avoid a recession. In a moment, well hearfrom savers, as well as families trying to cope with increasing costs, but first, heres our Chief Economics correspondent dharshini david. From cafe says customers may resist rate as higher mortgage and rent payments bite, to Estate Agents grappling with a sagging housing market, the hit from Interest Rates is clear. But for a very small minority, that impact is Life Changing. Minority, that
tour harm people by having false information about them. since it launched there s been a lot of noise about openai. it gives humanlike responses to basic queries and will dramatically change the way we get information online. it s already the subject of fierce debate, including the accuracy of some responses and whether the company violated authors rights when it was a train in the technology. this spring, converse congress hosted sam altman and he called for regulation to be draughted for the emerging industry. now.. speaking of regulators. . not everyone believes they will have the ability to keep artificial intelligence in check. that s sir martin sorrell s case. the man who s built the world s biggest advertising company has been speaking to the bbc s aaron heslehurst.. and he s also said advertising companies need to self regulate on the ethics of using the technology. we ve already taken a position that, for example, we won t alter pictures. let s say we had a white ac
a semiconductor superpower. our asia business reporter monica miller has more. it is a major setback. prime minister narendra modi has made chip making a top priority for india s economic strategy in pursuit of what they say is a new era of electronics making. it doesn t get much bigger than foxconn, which makes roughly 70% of apple s iphones. india estimates that its semiconductor market could be worth $63 billion by 2026. now, we need to go back a little bit to explain how this partnership happened. that was in september 2020 to the taiwanese firm and the indian mining giant agreed to this deal. and part of it was because foxconn was looking at the situation then, which had strict covid restrictions in china, where a lot of these phones are made. they are also concerned about the geopolitical tensions we ve mentioned many times on this programme between the us and china. so it was looking to partner up, which is with the country which is now the largest in the world. but un
welcome to pristina and thank you for having me. well, it s a great pleasure to be in your office. prime minister, how close has kosovo come to seeing a renewal of conflict in the last few months? it has been very heavy because the two extremist terrorist organisations, which are being financed by serbia, and from where they also receive their orders, civil protection and the northern brigade have been very active and first intimidating serbs and serbian candidates who would like to vote and run in elections. and second, in attacking our police, journalists, but first and foremost, nato soldiers on 29 may. you ve chosen in that answer to pile all of the blame on your serbian minority population. that is not the way the international community sees things right now. i never blame serbian minority population. they are 4% of population in kosovo, less than half of them live north of the river ibar, but i was blaming two specific organisations and also belgrade, who is also contr