now the governor angie bailey said that while the rate rise will hit households very hard, the bank needed to take the painful action to bring down inflation. or he think that low inflation is the bedrock of a stable economy. and inflation is very high. 10 point one percent, that's the highest that seen in 40 years. and one silver lining was the fact that the bank is predicting that with even further rate rises, it will still peak at less than 5 percent, which is what the markets were predicting. and they're also saying that they hope inflation will contract softly in the middle of next year. but this is already the 8 rate hike in a row. and this will be very worrying news for the millions of people who have mortgages, who have credit card debt. food prices going up as is fuel costs and many families already having to choose between whether or not they hate their homes or put fuel in the call. still a hey, don't al jazeera, the us then south korean defense secretary held tools in washington, and we'd move michelle test 5 p on yang and more on why mining giant glen call has been fine. hundr