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Transcripts For BBCNEWS World Business Report 20240707

so let s now get down to business and we begin with the bank of england and the warning that interest rates could go up by as much as half a percentage point at its next rates meeting. that s according to the bank s governor, andrew bailey. he was speaking to financial leaders in london last night and pledged to do whatever it takes to get inflation under control. we will have to act forcefully. in simple terms it means a 50 basis point increase will be among the choices on the table when we next meet. but it is not locked in. and anyone who predicts that we will do that is doing that based on their own view. we do not pronounce rate decisions for one very simple reason, and pc decisions are based on deliberation at the time on nine people focused on retaining inflation to the 2% target sustainability. well, injust over an hour s time we will get the latest inflation figures for the uk. prices have already been rising at the fastest rate in a0 years at 9.1%. joining me now is

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