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Transcripts For BBCNEWS World 20240704

Not in line. What the bank is doing is looking back at inflation, but forward at what this Rate Decision may influence in terms of behaviour. I think, from last Bank Of England became, where they moved a 50 basis points, that was taken as a really big jump in rates. Since that decision, we have seen some improvement in inflation numbers. There were still some calming for a 50 basis point change, but i think that this was more of the consensus. As you say, the balance between trying to get inflation under control, because lets not forget, that also makes people poorer in the long run, and also, making sure that there is not too much damage done to there is not too much damage done to the economy is a Balancing Act that they have to play. And, if you watch some of the comments
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Transcripts for BBCNEWS World Business Report 20240604 13:32:00

Scenario for the uk. scenario for the uk. and, a fine line in terms scenario for the uk. and, a fine line in terms of scenario for the uk. and, a fine line in terms of what scenario for the uk. and, a fine line in terms of what happens l scenario for the uk. and, a fine | line in terms of what happens to keep inflation in check without damaging economic growth. i ll be at peak rates? the damaging economic growth. i ll be at eak rates? . ~ damaging economic growth. i ll be at eak rates? ., ~ ., , ~ peak rates? the market doesn t think so. there peak rates? the market doesn t think s0- there is peak rates? the market doesn t think so. there is still peak rates? the market doesn t think so. there is still an peak rates? the market doesn t think so. there is still an expectation - so. there is still an expectation built into the market that rates in the uk could get to between 5.75 and 6%. so, certainly off of some of the highs we saw earlier this year, but, still, this is no ....

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