that s the words from the governor of the bank of england, andrew bailey. he was speaking at a european central bank conference in sintra, portugal. so, is he right? let s askjane foley, head of fx strategy, rabobank. good morning, jan. andrew bailey has been rubbing shoulders withjerome powell, christine lagarde, others central bankers in portugal scratching their heads to figure out how to solve the problem of inflation. in the uk we seem to have it harder than others. why is that and is he correct in what he is saying? i think he probably is. unfortunately in the uk we have had the worst of both worlds, for about a year or so we have had very elevated natural gas prices in europe, well before the war. the war accentuated
upon the current battle with the companies over the number of fake and spam account has in his platform. in a letter he accused twitter of specifically thwarting his attempts to get more information, and he threatened to end his deal to purchase company, saying it was a clear breach of merger. he says there was around less than 5% spam. elon musk believes that figure is more in the range of 20%. this letter is yet another sign that elon musk wants to walk away from the deal. twitter, for its part, says it will continue to co operate with mr musk, and that it has every intention to close the motor agreement at the agreed terms and price. let s get more on this now. jane foley, who s the head of fx strategy at rabobank, joins us. good to see you. if elon musk
expenses as well, contact us on twitter. to a topic now which has been on many people s lips in recent weeks rising prices. the cost of living is going up with soaring food costs and the energy bill crisis denting people s wallets. a short while ago china announced its latest inflation figures and they showed prices rose by 0.9% last month so just shy of 1%. here in the uk, the latest inflation figures forjanuary are out in just over an hour s time. in december, inflation rose to 5.4%, which was its highest level since 1992. and we got the numbers out of the us last week with inflation going up more than expected to 7.5%. joining me now is jane foley, who s the head of fx strategy at rabobank. what avee expecting in terms of