and winds of change. cloud computing, augmented reality, and 100km/h yachts! how sailgp hopes to get the video game generation on board. this we start with the cost of borrowing because it is on the rise again. in the next few hours the bank of england and the european central bank are both expected to increase their main interest rates by half a percentage point to their highest in m years as they battle to bring inflation under control. good news for savers of course, but piling more pressure on businesses and many people with loans and mortgages. for the bank of england, it would be the tenth rise in a row and would take the cost of borrowing to 4% its highest since 2008. on wednesday the us federal reserve announced a quarter percent increase a much smaller rise than in recent months. but its chair, jerome powell, warned that it would not be the last. as samira hussain in new york reports after in new york reports a year of aggressive rate increases after a year o
a quarter percent increase a much smaller rise than in recent months. but its chair, jerome powell, warned that it would not be the last. as samira hussain in new york reports after in new york reports a year of aggressive rate increases after a year of aggressive rate increases the federal reserve made the smallest rake height since last march although a respite from the big increases of 2022, america s central bank made it clear that more rate hikes are to come. although the fed chair accepted that the rate of inflation seems to be slowing he and his colleagues would need to see more evidence of the sustained reduction in the cost of goods. the cost of goods. inflation data received the cost of goods. inflation data received over - the cost of goods. inflation data received over the - the cost of goods. inflation data received over the last| data received over the last three months show a welcome reduction in the monthly pace of increases. and while recent
a global economist at the economist intelligence unit. we have the federal reserve making its case for this rise of 0.75. do you think it s convincing? t its case for this rise of 0.75. do you think it s convincing? i think it s you think it s convincing? i think its strong- you think it s convincing? i think its strong- joe you think it s convincing? i think it s strong. joe powell you think it s convincing? i think it s strong. joe powell had - you think it s convincing? i think it s strong. joe powell had a - you think it s convincing? i think it s strong. joe powell had a lot| you think it s convincing? i think i it s strong. joe powell had a lot of its strong. joe powell had a lot of explaining to do today, as we heard from his comments. 0ne explaining to do today, as we heard from his comments. one thing is the size of the hike. highest and more than 30 years. the fed also changed its plans. there s typically a quiet period before fed meetings and it s extremely rare and a m