Inflation rate in may and june, and would be a setback for the back of england, which cut Interest Rates earlier this month for the first time since the start of the covid pandemic. We will get the Uk News at seven am uk time. Over in the us, inflation is also proving stubborn. Figures published later today are expected to show a rise of 3 . On tuesday, though, the us Producer Price Index a measure of wholesale inflation increased byjust 0. 1 . That was less than expected, offering a glimmer of hope for the Federal Reserve to start lowering Interest Rates, which are currently still at a 23 year high. Joining me now is yael Selfin Vice Chair and Chief Economist at kpmg. Good morning to you. Lets start with The Uk. Are you with many who think inflation is going up . Many who think inflation is going up . Many who think inflation is going no . Going up . Yes, we think inflation going up . Yes, we think inflation will going up . Yes, we think inflation will go going up . Yes, we think infl
Global questions lessons from barbados. Hello and welcome to global questions with me, zeinab badawi, from barbados. I am in the capital bridgetown outside parliament, overlooking independence square. In november this year, barbados marks its 55th anniversary by becoming a republic. Queen elizabeth will no longer be head of state. What does this tell us about the identity and future of barbados and the rest of the region? the caribbean has been very badly affected by the economic fallout of covid and people are looking to their political leaders for solutions. That is global questions, lessons from barbados. Well, i am now here at the 18th century george washington house, one of the finest historic buildings in barbados. I am joined by a local audience who are going to be putting their questions to their prime minister, the honourable mia mottley. And i should say you are also the minister of finance, economic affairs and investment in barbados so a very busy lady! you had a series o
of putin s invasion of ukraine. my guest is zoltan kovacs, the orban government s international spokesperson. so, whose side is hungary on? zoltan kovacs, in budapest, welcome to hardtalk. thank you for being with you. well, thank you forjoining us. we have to start, i think, with the pressing matter of the eu and its latest round of sanctions that it intends to impose on russia. central to this is an oil embargo which will be phased in over time for all member states. hungary, it seems, would be given a little more time to stop using russian oil by the end of 2023. is that acceptable to your government? very shortly, no, it s not. because? the reasons are very simple and i believe we ve been clear about them for the past, not only weeks, but basically months by now. and that is, for us, it s the hungarian interest and that is the hungarian population s and the hungarian economy s perspectives are the most important. that s what we have received a fourth consecutive mandate f
rising, more slowly than a year ago and the press conference was whether this would increase will relax our hike again later this year. 5 i would say it is certainly possible to raise prices at the september meeting notes it s possible that we which are stored study at that meeting. which are stored study at that meetinu. ., , ., , ., ., meeting. hold steady at that meetinu. meeting. hold steady at that meeting. element meeting. hold steady at thati meeting. element policymakers remain concerned that the worlds biggest economy come from a moderate expansion and they re still hoping they can get inflation under control without triggering a recession. i spoke with frederick on the front page of the bbc news to gave his assessment on whether the language was clear on the next step. you will not hundred percent clear because they left the door open and percent clear because they left the door ope the door open and they could raise rates the door open and they could rai
conference was whether this rate increase was the last or would it hike again later this year. fed chair, jerome powell, would not be drawn. i would say it is certainly possible we would raise funds again at the september meeting, if the data warranted it, and i would also say it is possible that we would choose to hold steady at that meeting. mr powell was clear however that the fight against inflation is not over. policymakers inside america s central bank remain concerned that the world s biggest economy, well, that it is still growing too fast for inflation to fall back to its 2% target. everything from travel bookings to the sale of concert tickets, and even the success of the barbie movie s opening weekend at the box office, were all signs that americans are still spending. the latest us growth figures, due out on thursday, are likely to confirm a moderate expansion. so, for now, the fed is still hoping it can get inflation under control without triggering a recession.