The Bank of England Raised Interest Rates by Half a Point

5min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

Unemployment claims have hit a six month high. The bank of england said yesterday that britain is facing a protracted recession, and the country is facing the worst squeeze on living standards in more than 60 years. europe's central bank recently dragged interest rats out of negative territory for the first time since 20 14. We'll take a look at how lenders are dealing with the new environment. I mark filipino, and here's the news you need to start your day.

US new unemployment claims have reached a six-month high as the labour market cools, the Bank of England raised interest rates by 0.5 percentage points, and European banks are adjusting to higher interest rates.

Mentioned in this podcast:

US jobless claims hit six-month high as labour demand cools

Bank of England raises interest rates by 0.5 percentage points

Europe’s lenders prepare for life outside negative territory

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.