E18 | Raise or cut interest rates?

Chinese listening level: HSK 6 / CEFR C1.Brief: on 8th  June 2023, China's biggest state banks cut deposit rates to 2.45% ( 3-year fixed rate) and 2.5% (5-year fixed rate)On 22nd June 2023, the Bank of England announced an increasein the Bank of England Base Rate from 4.50% to 5.00%.ADFor UK customers, ⁠⁠⁠⁠⁠⁠Shopping to get cash back , click here ⁠⁠⁠⁠⁠⁠To earn £10 for signing up⁠⁠⁠⁠⁠⁠For US customers, Shopping to get cash back, click here ⁠⁠⁠⁠⁠⁠To earn $10 for signing up