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did say he is much more hopeful now that the uk can avoid a recession. but he wouldn t say if interest rates had reached their peak yet, or if they d have to go even higher, putting even more pressure on homeowners and people with loans. our economics editor faisal islam is here. thank you. the 11th rate rise in a row today, interest rates at 4.25%, incredible to think that they were at 0.75% exactly a year ago. all of this designed to tame stubbornly high inflation. now uk interest rates are moving in a similar way to other major central banks. here are rates in the us and the eurozone. and that has been the backdrop of a few blow ups across the banking system. some us banks and a massive swiss one needing rescuing. rate rises here have had a consequence on business borrowing rents and of course mortgages, with a typical tracker mortgage costing an extra £24 a month

Interest ratesFaisal islamHe wouldn t4 250 75Banking systemBlow upsSnow ukTracker mortgageBusiness borrowing rentsSwiss one