said it was the most unfair election in years and he felt saddened by the troubles awaiting turkey. aru na iyengar reports. ecstatic erdogan supporters outside the presidential palace in ankara last night. earlier in the day, the president had sung to the crowd and recited a poem. this erdogan supporter says, bye bye mr kemal. thank god islam has won. translation: we are very happy. full ofjoy- - i can t even contain myself. i thank god. big celebrations, but they don t show that this was the biggest challenge to mr erdogan s authority in years. he became prime minister in 2003, later becoming president. to build up that position, he has stifled all opposition. his non religious rival, kemal kilicdaroglu, says the election was unfair. mr erdogan had one big advantage almost total control of the media. mr kilicdaroglu s chp party had campaigned against crackdowns on dissent, and for a return to an independentjustice system and parliamentary democracy. a sombre mood her
move that was expected. the cost of borrowing is now at its highest in 16 years, but is the fed finally done with rate hikes? the bbc s samir hussein reports from new york. inflation remain steadily high. to try and get the cost of living back down to more normal levels the federal reserve, america s central bank, has raised interest rates ten times in a little over a year, and now it seems it may be ready to perhaps take a pause. the committee perhaps take a pause. the committee will perhaps take a pause. the committee will take - perhaps take a pause. the committee will take into account the cumulative tightening of monetary policy, the legs tightening of monetary policy, the legs with which it lacks inflation and economic and financial inflation and economic and financial developments. the legs financial developments. the legs we financial developments. the legs. we will make that determination meeting by meeting. determination meeting by meetinu . ., de
a move that was expected. the cost of borrowing is now at its highest in 16 years, but is the fed finally done with rate hikes? the bbc s samir hussein reports from new york. inflation remain steadily high. to try and get the cost of living back down to more normal levels the federal reserve, america s central bank, has raised interest rates ten times in a little over a year, and now it seems it may be ready to perhaps take a pause. the committee will take into account the cumulative tightening of monetary policy, the legs with which it lacks inflation and economic and financial developments. we will make that determination meeting by meeting. the rate rises have slowed economic growth in the united states by making it more expensive to borrow money and inflation is starting to come down, but they have been some unexpected knock on effects of the rate hikes. they played a part in the banking crisis, where three banks collapsed in less than two months. so far, the fed has been
a move that was expected. the current cost of borrowing now sits at five to 5.25%, the highest in 16 years. but is the fed finally done with rate hikes? the bbc s samira hussain reports from new york. inflation remains stubbornly high to try and get the cost of living back down to more normal levels. the federal reserve, america s central bank, has raised interest rates ten times in a little over a year. and now it seems it may be ready to perhaps take a pause. 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. the rate rises have slowed economic growth in the united states by making it more expensive to borrow money. and inflation is starting to come down. but there have been some unexpected knock on effects of the rate hikes. they played a part in the banking crisis where thr
Will make a comeback, and the conservative mp who chairs the flags and heraldry committee. Did you know . No. He says it is a matter of identity, having the pink passport. Are you colourblind . It is maroon. It has merged us into one european identity which isnt what we are. People were unhappy about giving up the dark blue passport. Did you really . There is also a percentage of the population i have never had won. I have a pink one, that is for sure, i dont like pink. Burgundy, thatis sure, i dont like pink. Burgundy, that is yours. Liz hurley is looking forward to the return of the navy blue passport with the crest. She wa nts blue passport with the crest. She wants deutschmarks as well, she wa nts wants deutschmarks as well, she wants francs. Does it matter if you are stopped and you have to join a long queue . It is nationhood exemplified by the navy blue passport. Is it worth a 500 million at . You see, i am hugely suspicious £500 at . You see, i am hugely suspicious £500 milli