Mobs are frozen in place or moving extremely slowly. Whenever a mob is hit the mob gets knocked back in slow motion. Whenever a mob is killed the items drop in slow motion. Basically, all of the things you interact with react very slowly, even eating food is slowed significantly. I've never experienced this issue before but it started happening after getting a prompt that there was an error with multi-player hosting.
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[Mod] OcelotOnesie
Thank you for your report!
We're tracking this issue in MCPE-175100, so this ticket is being resolved and linked as a duplicate.
If you would like to add a vote and any extra information to the main ticket it would be appreciated.
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I am also seeing this behavior after the latest Bedrock update was released. I can't shoot arrows, breaking blocks is incredibly slow, mobs don't die in my mob farm, other mobs/villagers don't move or move very slowly, and other game activity just lags to a point where the game is unplayable. However, I'm playing on the PS4 version of Bedrock and not BDS online.