Bank of England governor hopes mortgage rates will keep falling, as economists see inflation hitting 2% soon – as it happened

Rolling coverage of the latest economic and financial news, as MPs quiz BoE officials about the impact of high interest rates

• HS2: true cost of London-Birmingham line is more like 66bn, boss admits
• AI-driven misinformation biggest short-term threat to global economy'
• SEC says compromised' account to blame for tweet approving Bitcoin ETF

Newsflash: Misinformation and disinformation driven by artificial intelligence are the biggest short-term risks facing the global economy, the World Economic Forum is warning this morning.

But in the long term, extreme weather and critical change to Earth systems are the greatest concerns.

The nexus between falsified information and societal unrest will take centre stage amid elections in several major economies that are set to take place in the next two year

Artificial intelligence breakthroughs will radically disrupt the risk outlook for organizations with many struggling to react to threats arising from misinformation, disintermediation and strategic miscalculation.

At the same time, companies are having to negotiate supply chains made more complex by geopolitics and climate change and cyber threats from a growing number of malicious actors.