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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 Est ....
Global systems that we have in the oceans. It is important to say that these are sea Surface Temperatures. It is also about the time of year. So normally the oceans are at their hottest in march, but we are obviously now in august. And so scientists are worried about all of that time left until next march. There is also el nino which is less naturally occurring Climate Fluctuation which we have talked about it before. It happens every few years but it does drive up Ocean Temperatures. But we are only at the beginning of that now, it is quite weak and so as not to get stronger in the coming months, Scientists Say they fear these average temperatures will just carry they fear these average temperatures willjust carry on going up. What do scientists think ....
well, my guest is seychelles president, wavel ramkalawan. is this a story of paradise lost? president wavel ramkalawan, welcome to hardtalk. thank you very much. well, it s a pleasure to have you in the studio. you in the seychelles are known at the un as one of the sids nations. that s the small island developing states. do you think the world listens properly to the sids? i would say no. in fact, as an african country, when the world talks about africa, they don t really pay attention to the sids. and yet, the sids of africa are the ones that are doing very well. when you look at the mo ibrahim index, for example, mauritius is first, seychelles is second, cape verde s third. so you have three sids that are doing extremely well, but the focus is on mainland africa. but isn t that, in a sense, part of the point? you are doing relatively well. i believe your per capita income is over $10,000, which in african terms is pretty remarkable, and you re very small. your popul ....
well, my guest is seychelles president, wavel ramkalawan. is this a story of paradise lost? president wavel ramkalawan, welcome to hardtalk. thank you very much. well, it s a pleasure to have you in the studio. you in the seychelles are known at the un as one of the sids nations. that s the small island developing states. do you think the world listens properly to the sids? i would say no. in fact, as an african country, when the world talks about africa, they don t really pay attention to the sids. and yet, the sids of africa are the ones that are doing very well. when you look at the mo ibrahim index, for example, mauritius is first, seychelles is second, cape verde s third. so you have three sids that are doing extremely well, but the focus is on mainland africa. but isn t that, in a sense, part of the point? you are doing relatively well. i believe your per capita income is over $10,000, which in african terms is pretty remarkable, and you re very small. your popul ....
and a political culture tainted by allegations of corruption. well, my guest is seychelles president wavel ramkalawan. is this a story of paradise lost? president wavel ramkalawan, welcome to hardtalk. thank you very much. well, it s a pleasure to have you in the studio. you in the seychelles are known at the un as one of the sids nations. that s the small island developing states. do you think the world listens properly to the sids? i would say no. in fact, as an african country, when the world talks about africa, they don t really pay attention to the sids. and yet, the sids of africa are the ones that are doing very well. when you look at the mo ibrahim index, for example, mauritius is first, seychelles is second, cape verde s third. so you have three sids that are doing extremely well, but the focus is on mainland africa. but isn t that, in a sense, part of the point? you are doing relatively well. i believe your per capita income is over $10,000, which in african t ....