live from washington, this is bbc news. welcome to viewers on pbs in america. ukraine denies it's behind any attack on moscow or president putin, after footage emerges of drone strike on the kremlin. the us federal reserve raises rates once again, but could it be the last hike in a while? a teenager is arrested, after eight children and a security guard are shot dead at an elementary school in belgrade. hello. i'm sumi somaskanda. welcome to our show. first — breaking news out of ukraine — as the capital kyiv comes under attack.

our correspondent — hugo bachega — who's currently sheltering in an underground bunker — hugo bachega — said that in the past hour, the air—raid alert in the capital went off, at around 02:20am, local time. the bbc team heard at least one loud explosion, and the city's air defence has been activated. earlier today, ukraine says at least 21 were killed, in an attack on kherson. missile strikes hit a market, a railway station, a petrol station and residential builings. station and residential buildings. it comes as ukraine's president zelensky denied that his country carried out an alleged drone attack on the kremlin. russia says it was an attempt on vladimir putin's life. this video, which appears to show the drone attack, remains unverified. our analysis editor ros atkins has been taking a closer look. russia claims ukraine try to kill vladimir putin in the early hours of wednesday. this is the first video we have. it's in moscow. we see an object lay in from the left and

explode. now let's pause here. we know this is moscow because this is red square. this is a recent picture of the same place with the kremlin wall in the background and stands for next year's victory parade. you can see those stands in the video too, meaning it is also recent, and if we play the video on an pause again, there is the object flying towards the dome of the senate palace, moments before it explodes we can see people on the dome. we don't know who they are for what they are doing. now russia says it was attacked by two unmanned aerial vehicles, in other words drones. we can't confirm that, and if that is one video, here are three more. this is a map of russia, with moscow and the west, and all of these videos show this part of these videos show this part of the city. here is the second. the bbc�*s verification team has posted —— confirmed it was posted —— confirmed it was posted at 315 moscow time on wednesday morning. we see the same dome with smoke rising from it. the words of the name

of a local telegram channel that posted the video. this next video shows the senate palace dome with fire clearly visible, and then this shows an object flying in from the right. again, we see an explosion. russia says all of this was a planned terrorist act and an assassination attempt on the president, but has provided no evidence to back that up. ukraine says it is all staged by russia. as for vladimir putin, the kremlin says he wasn't there at the time of the incident and these pictures from reuters on wednesday showed the dome looking undamaged. and while we try to work out what exactly it is these videos show, both sides say the other carried it out. the reaction in the west has been to urge caution on any russian claims. us secretary of state antony blinken said he would take anything the russia presidency said with a "very large shaker of salt". the white house press secretary pointedly avoided inflamatory language. since the beginning of this

conflict the united states are certainly not encouraging, or enabling ukraine to strike beyond its borders. we have been very clear from here about that but again i don't want to get into speculation from here about the authenticity of this report, so i'm just not going to speculate from here. let's get some perspective now. live now to retired lieutenant general steff twitty, formerly the deputy commander of us european command, and now at the washington—based center for european policy analysis. good to have you back on the show. what is your first impression of hearing of these explosions in key? 50 impression of hearing of these explosions in key?— impression of hearing of these explosions in key? so a couple of thin . s explosions in key? so a couple of things i _ explosions in key? so a couple of things i would _ explosions in key? so a couple of things i would like _ explosions in key? so a couple of things i would like to - explosions in key? so a couple of things i would like to add i of things i would like to add to what the commentatorjust talked about —— in kyiv. as you take a look at the video, you notice you do not see a large explosion, and that tells me that there was not a missile attached to this drone. normally if you're going to go after someone and execute an assassination, it's going to be

assassination, it's going to be a missile associated with that, like a hellfire missile to a target that particular individual, and it is normally going to have its eye going in a window, or not a window, a door or something of that nature. so in this case we didn't see that happen. in regards to the attacks on kyiv, one of the things we need to also think about is the ukrainians have said that they are going to do a counterattack, and russia started last week upping their missile attacks on kyiv itself, and i think as they continue to do this, this is the russians trying to throw or distract the ukrainians from their counter offensive, put their mind somewhere else, have them have to do other things instead of initiating this counter offensive. keep them busy, in other words. 50 offensive. keep them busy, in other words.— other words. so general, sta in:

other words. so general, staying with _ other words. so general, staying with the - other words. so general, l staying with the explosions other words. so general, - staying with the explosions we are hearing about in kyiv, also that attack we mentioned in curse on, where 21 people were killed, you are saying this is russia stepping up those strikes. it is ukraine in a good position to fend off this type of russian attack with its air defence?— air defence? when you have multile air defence? when you have multiple missiles _ air defence? when you have multiple missiles coming i air defence? when you have| multiple missiles coming in, hundreds of missiles, it is hard to fend them off, so the ukrainians have done a pretty good job by destroying many of these missiles that are coming in, but some of these missiles are low flight missiles that will invade the ukrainian air defence systems and are bound to get through, so as they knock down 75, 25 may get through, and so they are still not at the position where they have a layer of defence that could be totally secure for the people out there, as a result of some of these missiles evading air defence systems was

to do evading air defence systems was t. ., , ., evading air defence systems was to do you think these extracts could be a _ to do you think these extracts could be a distraction - to do you think these extracts could be a distraction for- could be a distraction for ukraine as it prepares as you said for this counteroffensive? absolutely. anytime that you have to focus elsewhere, such as making sure that infrastructure is straight, making sure that you are getting the family members and the kids that are being impacted by these missiles in bunkers, and making sure you are putting them in hospitals and out of harm's way, you take that attention of the things that attention of the things that you need to do to prepare for this counteroffensive. so what should ukraine be doing, then, to prepare?— what should ukraine be doing, then, to prepare? well, i think then, to prepare? well, i think they have _ then, to prepare? well, i think they have done _ then, to prepare? well, i think they have done well _ then, to prepare? well, i think they have done well over- then, to prepare? well, i think they have done well over this | they have done well over this past year, and they particularly have been resilient, with all these missiles attacking. what we need to do is continue to get the additional air defence systems in there, and the ukrainians have sounded that they are going to do this

counteroffensive. my assessment is that they are probably not initiated this counteroffensive for a couple of reasons. number one, the weather, it is still raining there, so you've got muddy terrain and so forth. number two, they are still waiting for much of the ammunition that has been promised from the west, and also they have new recruits coming in, and much of the equipment still coming in. so i think, as these conditions start to mature, we will see the ukrainians conduct this offence, which will help with all the missiles and stuff falling on them, because they will be able to go in and attack much of these attacks that they are enduring right now. , ., , ., that they are enduring right now. , ., y ., ., now. general, you mentioned ukraine waiting _ now. general, you mentioned ukraine waiting for _ now. general, you mentioned i ukraine waiting for ammunition. we saw the us announcing it is sending ukraine another $300 million in weapons out of the spring 0ffensive. million in weapons out of the spring offensive. if those weapons arrive, do you think the ukrainian forces will be able to push back russian

fighters?— able to push back russian fiuhters? ~ ~ ., ., , fighters? well, the ukrainians have shown — fighters? well, the ukrainians have shown that _ fighters? well, the ukrainians have shown that they - fighters? well, the ukrainians have shown that they are - have shown that they are capable of doing anything they put their minds to, you know? take a look at kyiv, take a look at what they have done in kherson, and what they are continuing to do in mahmoud. the conditions they have asked for, the rate troops, they are capable of not only pushing the russians back across that 400 miles of disputed area, but they are also capable of taking crimea as well.— crimea as well. general, one cuick crimea as well. general, one quick last — crimea as well. general, one quick last question, - crimea as well. general, one quick last question, i - crimea as well. general, one quick last question, i want i crimea as well. general, onej quick last question, i want to come back to this drone strike of this drone attack that russia is calling an attack. indeed you mentioned you are not sure of russia's accusation here, that ukraine was behind it. the us says russia has carried out many false flag operations was the what do you think actually happen?- think actually happen? well, i don't want _ think actually happen? well, i don't want to _ think actually happen? well, i don't want to speculate, - think actually happen? well, i don't want to speculate, but l think actually happen? well, i | don't want to speculate, but as

we know, russia is known for their disinformation campaign, so we willjust have to wait and see. there is a report out there that this may have happened by russians, russian partisan groups, so we will just have to wait and see how this thing unfolds but i don't want to speculate whether ukraine executed this or not. we just don't know at this point. we just don't know at this oint. ., ~' ,, we just don't know at this oint. . ~ i. we just don't know at this oint. . ~ . ., point. thank you so much for “oininu point. thank you so much for joining us _ point. thank you so much for joining us on _ point. thank you so much for joining us on the _ point. thank you so much for joining us on the bbc. - point. thank you so much for joining us on the bbc. ok. i joining us on the bbc. 0k. thank you- _ around the world and across the uk, this is bbc news. there was a musical start to the well dressing celebrations. this is an tradition. it is the well dressing celebrations. this is an tradition.— this is an tradition. it is a ”aan this is an tradition. it is a pagan tradition, - this is an tradition. it is a pagan tradition, and - this is an tradition. it is a pagan tradition, and it. this is an tradition. it is a l pagan tradition, and it was this is an tradition. it is a - pagan tradition, and it was to thank the gods at the time for the gift of water, so the crops

would grow, and hence you get all this beautiful greenery around on the wells. find all this beautiful greenery around on the wells. and this is the main — around on the wells. and this is the main village _ around on the wells. and this is the main village well. - around on the wells. and this is the main village well. all i is the main village well. all the designs are drawn onto clay boards and their natural materials are used to complete the pictures. all the designs this year have a coronation theme. each involves hours of painstaking work by volunteers. they are fabulous, aren't they? they are fabulous, aren't they? they are fabulous, aren't they? they are appropriate because of the coronation next week. the well dressings _ the coronation next week. the well dressings will be on display here until saturday. it is a chance to bring the community together and to admire these unique pieces of local art. you are watching bbc news. the us federal reserve on wednesday raised interest rates to their highest level in 16 years. the fed lifted its benchmark interest—rate by a quarter of one percentage point, pushing its overnight interest rate range to five to 5.25%.

during the press conference, chairman jerome powell signalled that they might be ready to take a pause on rate hikes. the committee will take into account the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation and economic and financial developments. we will make that determination meeting by meeting. earlier, i spoke to jason furman. he's the former chairman of the white house council of ecnomic advisors. jason, thanks for joining jason, thanks forjoining us. are these rate hikes actually working to stabilise the economy? i working to stabilise the economy?— working to stabilise the econom ? .,, ~ working to stabilise the econom ? ~ economy? i hope so, i think so, but we can't _ economy? i hope so, i think so, but we can't be _ economy? i hope so, i think so, but we can't be sure, _ economy? i hope so, i think so, but we can't be sure, because i but we can't be sure, because we don't know what the counterfactual is. the good news is inflation expectations remain anchored. inflation isn't rising, and that's probably a lot better than what would have happened if the fed hadn't taken these aggressive steps. the bad news is that inflation, underlying inflation at least when you subtract out food and energy, isn't really

falling, so we haven't seen very much of any progress in underlying inflation yet. that's whatjerome powell said, that inflation is still too high. this is the 10th hike in 14 months and the fed did to signal that it might cause increases. would that be the right step? i increases. would that be the right step?— right step? i have no idea,j powell has _ right step? i have no idea,j powell has no _ right step? i have no idea,j powell has no idea, - right step? i have no idea,j powell has no idea, and - right step? i have no idea,j powell has no idea, and the j powell has no idea, and the reason is that we need to see what's going to happen in the economy. you know, a year ago, it was clear that interest rates needed to be a lot higher, and so they were on a path to go up, no matter what the dataset, they will still be on that upward path. right now, we don't know how tight credit will be as a result of the banking situation, we don't know the trajectory for unemployment, we don't know what's good happen to inflation, and so the fed is appropriately i think saying we are going to collect more information, make that decision and we're done with telling you in advance what we are going to do, because we ourselves don't know in advance will be going to do. ~ . . know in advance will be going todo. ., ., ., . to do. what are the economic indicators _ to do. what are the economic indicators you _ to do. what are the economic indicators you are _ to do. what are the economic indicators you are looking - to do. what are the economic indicators you are looking at i indicators you are looking at to know what should be done?

0bviously, to know what should be done? obviously, the most important is inflation. that is ultimately what they are trying to bring down. the problem is that inflation is probably one of the most lagged indicators that there is. a lot of the inflation i believe it is emanating from the very tight labour market, so looking at the broad suite of things, you assess the tightness of the labour market, most importantly the underpayment rate, but also how many workers are quitting theirjobs, how manyjob their jobs, how many job openings, theirjobs, how manyjob openings, and then finallyjust how much work is the banking turmoil doing for the fed? how much of the fed's job turmoil doing for the fed? how much of the fed'sjob is it doing, how much is credit actually contracting? so there has been of — actually contracting? so there has been of course _ actually contracting? so there has been of course some - has been of course some criticism of the fed raising rates again, and i want to tell you what elizabeth warren tweeted earlier today.

what do you think of some democrats calling for a stop to these rate hikes?— these rate hikes? first of all, i would these rate hikes? first of all, i would say — these rate hikes? first of all, i would say by _ these rate hikes? first of all, i would say by the _ these rate hikes? first of all, i would say by the way, - these rate hikes? first of all, i would say by the way, mostj i would say by the way, most economists who are coming from the democratic side actually think that inflation is a problem, and have broadly been supportive of the rate hikes. a number of the different doves in the economic debates have been less dovish, and i think it's for good reason, because they understand that doing more now can be much less costly than letting the problem grow, letting inflation get entrenched, and then it is much harder to deal with in the future, and so i think doing too little today is what would risk millions and millions of jobs. that's what the fed is trying to control and i think they are doing a good job of it. but again, these rate hikes have an effect on households and businesses?— have an effect on households and businesses? absolutely, and i wish

and businesses? absolutely, and i wish there _ and businesses? absolutely, and i wish there was _ and businesses? absolutely, and i wish there was another- and businesses? absolutely, and i wish there was another way - and businesses? absolutely, and i wish there was another way to i i wish there was another way to bring inflation down but there isn't. again, if we go a little more slowly and take your time, inflation will rise and it will be even harder and more costly to get it down. why do you want to get it down. why do you want to get it down? it benefits the american economy. low and stable inflation for decades was good for workers and businesses and it led the fed act really aggressively to combat the last couple of recessions. we like to get that back, paying the price now for it is a small price than the price we would have to pay if we did it later on.— we did it later on. you mentioned _ we did it later on. you mentioned the - we did it later on. you j mentioned the current we did it later on. you mentioned the current banking situation, raising rates while we seen three major banks that have failed. i we seen three ma'or banks that have failedh have failed. i think these banks were _ have failed. i think these banks were real- have failed. i think these banks were real outliers | have failed. i think these i banks were real outliers in terms of their poor management and risk profile. they were the ones that right after silicon valley bank had a goblin and

knew about the problems are first republic and signature so i think this is the end of this phase of the banking crisis. no—one knows for sure but here is the thing, the fed has more than one tool, it can change interest rates but it also has a set of lending facilities, the fdic has programmes, and that's what they are and should continue to use to contain any further issues in the banking system, while keeping their policy focus on an objective which is price stability. the aim is to — which is price stability. the aim is to avoid _ which is price stability. the aim is to avoid a _ which is price stability. the aim is to avoid a recession. will we? i certainly hope so. i think the odds of a recession over the next year are 50—50 but they are much higher than they would normally be. great to have you — they would normally be. great to have you on _ they would normally be. great to have you on the _ they would normally be. great to have you on the show, - they would normally be. great| to have you on the show, thank you very much. eight children and a security guard have been killed in a school shooting in the serbian capital belgrade. tonight, tributes have been laid for the victims of the shooting.

in a televised address to the country, president aleksandar vucic described the attack as "the most difficult day in the modern history of our country". three days of national mourning have been declared. police arrested a 13—year—old boy and said he'd been planning the attack for a month with a list of the children he wanted to kill. bethany bell reports. a 13—year—old boy is led away by police. he's the main suspect in a mass shooting at one of the best state schools in belgrade. he came to school with two guns. he fired at the security guard and three girls standing in the hallway. translation: i was walking up the stairs and while i was - walking up i could hear a sound, and i thought it was maybe boys, some kids throwing firecrackers and that they were having fun. but then i could hear it closer, and the sound was coming from in front of the school. and then i saw the security guard falling to the ground, so i quickly ran from where i was. i didn't want to go

upstairs any more. i didn't know who was up there. he then walked into a history class where he shot the teacher before turning his weapon on his fellow students. police say the shooter planned the attack a month in advance and had drawn up a list of children to target. the 13—year—old has been put in a specialist psychiatric facility. he is alleged to have used two guns belonging to his father. both his parents have since been arrested. all day, people have come to pay their respects to those who were shot. there is a deep sense of shock and sadness here. this is normally a lively part of town, but the people who live here say it's never felt so quiet. they are struggling to understand how a day at school turned into a nightmare. with candles and flowers, this city is mourning its dead. bethany bell, bbc news, belgrade.

police and the us state of georgia say they've arrested a suspect in connection with shooting at a medical facility in atlanta on wednesday. 24—year—old dion patterson is in custody after five women were shot in the hospital waiting room. one of the victims have died. lisa arrested the wife and friend of arrested the wife and friend of a suspect accused of killing five of his neighbours in quigley blend, texas. —— cleveland, texas. she was already facing charges for hindering prosecution of a felon. a friend will be charged with helping the suspect leave the neighbourhood where the crime took place. an brazilian police raided the home of former president —— president jair bolsonaro as part of an investigation into his covid—19 records. police allege that his

vaccination status was forged so he could enter the us. phones have been seized among other things. phones have been seized among otherthings. he phones have been seized among other things. he says he has nothing to hide. people in the uk are beginning their preparations for the coronation of king charles, which will take place next saturday. in the run—up to the ceremony, the bbc�*s special us correspondent katty kay has been meeting with royal families of other nations to see what lessons they might have for britain's new king, as a part of her new documentary europe'ss royals revealed. i spoke to her ahead of the release. it's great to see you. for your new documentary you had the enviable job of new documentary you had the enviablejob of going new documentary you had the enviable job of going to meet... someone had to do it. going to meet europe's other royal families going to meet europe's other royalfamilies and going to meet europe's other royal families and seeing how they live including norway, you had an exclusive interview. she is a fascinating _ had an exclusive interview. 5ie: is a fascinating and quite controversial woman. she is the oldest child of king harald and she should have been cleaned by

rights but norway's succession laws won't change until she was a teenager so younger brother will inherit the throne. she was is what they call in royal language a spare which is how prince harry refers to himself and string of other controversial businesses, a school where she taught people to talk to angels and she describes herself as a clairvoyant. a boyfriend who is a spiritual guru, a shame and in all this has been pretty controversial in the norwegian press. it's not the kind of things royals are expect to do. i was interested to talk to her to find out how the norwegian royal family has handled to find out how the norwegian royalfamily has handled her doing things kind of differently. there have been comparisons with prince harry and meghan. mr; comparisons with prince harry and meghan-— comparisons with prince harry and meghan. my fiance and the norwegian _ and meghan. my fiance and the norwegian people _ and meghan. my fiance and the norwegian people and - and meghan. my fiance and the i norwegian people and everybody

has decided that it is best for me to — has decided that it is best for me to step down because of his views— me to step down because of his views about things. but what i think— views about things. but what i think has— views about things. but what i think has been amazing through this whole cycle has been the conversations with all had tbrough— conversations with all had through it all, from a very young _ through it all, from a very young age i remember my mum and dad, young age i remember my mum and dad. the_ young age i remember my mum and dad, the king and queen saying that we — dad, the king and queen saying that we have to stick together, we have — that we have to stick together, we have to talk things through, even _ we have to talk things through, even if— we have to talk things through, even if it's— we have to talk things through, even if it's hard. we have to put — even if it's hard. we have to put all— even if it's hard. we have to put all the _ even if it's hard. we have to put all the cards on the table because _ put all the cards on the table because we are family and we have — because we are family and we have to — because we are family and we have to work things through, through— have to work things through, through all the turmoil, because there has been so many turmoils — because there has been so many turmoils. taking a different path — turmoils. taking a different path than being a traditional role — path than being a traditional role. , ., ., ., role. this will run ahead of the coronation _ role. this will run ahead of the coronation of - role. this will run ahead of the coronation of king - role. this will run ahead of- the coronation of king charles. if you are suddenly to send him wishes for his reign and everybody of course is looking from the queen, who is so well—known and loved. i remember my game grandfather, kin- remember my game grandfather,

king of— remember my game grandfather, king of life, he was such a loved _ king of life, he was such a loved king. —— king 0laf. my father~ — loved king. —— king 0laf. my father. going into that role up to him — father. going into that role up to him because how could he fill those _ to him because how could he fill those shawls? and i think that's— fill those shawls? and i think that's the point, you don't fill his— that's the point, you don't fill his shoes.— that's the point, you don't fill his shoes. king charles will be different _ fill his shoes. king charles will be different from - fill his shoes. king charles l will be different from queen elizabeth?— elizabeth? absolutely, you can't copy _ elizabeth? absolutely, you can't copy somebody - elizabeth? absolutely, you can't copy somebody else. | elizabeth? absolutely, you| can't copy somebody else. i can't copy somebody else. really can't copy somebody else. i really did notice that when she talked about taking a different path and being a different royal, it reminds me of harry and meghan. can you remind me about how herfamily and meghan. can you remind me about how her family has handled all of this publicly? she describes herself as somebody has done things out of the box and in a way, prince harry does as well. some of the things she's done have caused controversy in norway because there have been suggestions of conflict of interest. was she using her royal title to make money from her businesses in the norwegians didn't like that. the big difference is that. the big difference is that it hasn't caused a rift in the family. they sat down and spoke about it and i wanted to

check out her story, i didn't want her to think it was just me telling of this and i spoke to the royal correspondent for a big tabloid magazine in norway has been ready critical of some of the things martha louise is done but said exactly the same in, family loves each other and they come out of this much stronger, had these conversations and been honest with each other and there is a clear affection between all of the members of the family so even though martha louise has been sort of, in a way, the troublesome royal child who hasn't fit into the box, done things differently, the family has not been torn apart by it. i guess that's the big difference between the house of windsor and the royal house of norway. and when the house of norway. and when the house of norway says we love each other, and the norwegian population believes them. katty�*s documentary europe's royals revealed is available on bbc select here in the us and canada, which is distributed on amazon prime video, apple tv, and the roku channel. viewers in the uk can

find it on bbc iplayer. stay with us here on bbc news. hello there. many of us had some beautiful late spring sunshine on wednesday. in fact, in bournemouth, there was just over 13 hours of sunshine, a glorious day. but top temperature, well, that was in south wales, in gwynedd, just shy of 20 celsius, and it felt very pleasant indeed. now it's not out of the question that we could see 20 celsius on thursday, but the weather story is certainly on the change with low pressure starting to move in from the southwest. so as we go through the day on thursday, it's a tale of three halves, really — we've got cloud driving in off the north sea, affecting eastern england and northeast scotland. we've got rain pushing into the southwest —

and sandwiched in between the two, that's where the best of the sunshine is likely to be, and that's where we'll see the best of the warmth. the breeze still coming from an east direction, so with exposure, that's just going to add a slight edge to things. a little more shelter, it'll feel pleasant enough with highs of 19—20 celsius perhaps in the southeast. now, as we move out of thursday into friday, that weatherfront will continue to push its way steadily north. it'll bring outbreaks of rain as it does so, and then, following on behind, plenty of showers to come. so on friday, we'll see a spell of more persistent rain moving out of northeast england, into scotland. sunny spells and scattered showers tucking in behind. some of those showers could be heavy, slow—moving, with the odd rumble of thunder. now, not everybody will see the showers, but because the winds are slightly lighter coming from a southwesterly direction, maybe those showers might hang around for a little bit longer. still a cool easterly, making it feel fresher in scotland, but highs likely of 18 celsius by friday afternoon. now, as we move into the start of the weekend, that southwesterly wind will drive that milder air further north for all of us.

but unfortunately, it'll also bring some wetter weather. so this is saturday, coronation day — you can see that wet weather moving its way across the capital and steadily north as we go through the day. so not a wash—out by any means, but at the moment, it does look likely that during the morning, there will be outbreaks of rain across the capital, certainly worth bearing in mind. and the wider picture throughout the bank. holiday weekend — saturday will be the wettest of the days, sunday and monday, sunny spells and scattered showers. some of them on monday could be quite heavy. take care.

the federal reserve hikes rates to their highest level in 16 yea rs. we look at the impact on the us economy, and beyond. plus, from pakistan to ethiopia, how the cost—of—living crisis is taking a toll on the elderly around the world. hello, and welcome to asia business report. i'm monica miller. we begin with the federal reserve's decision to raise interest rates for the 10th consecutive time injust over one year. america's central bank increased its key interest rate by a quarter percentage point and that is a move that was expected.

the cost of borrowing is now at its