and the rate of core inflation which strips out volatile items like food and fuel is actually going up. rising interest rates are piling the pressure on millions of mortgage borrowers here in the uk who are facing steep rises in monthly bills. the bbc has been hearing from some of them. rebecca from greater manchester, craig in cambridgeshire, and rose who lives in hampshire. just three homeowners out of hundreds of thousands of people facing a huge rise in their mortgage costs over the coming months. at this moment in time, at the end ofjune, i will make my final payment of £434 when my current deal ends, and thereafter i have been told to expect my payments will be over £1,800. i m currently paying £560 a month. at the end ofjuly, it will go on to variable and it will go up to £1,200 a month. 0ur mortgage has gone up by over £2,200 a year. - it s a huge impact on our- expenditure and has an impact on the family as a whole. rose has already been cutting costs on
during his press conference. with us inflation running still well above the bank s 2% target, it sjob is not yet done. i think, as anyone can see, not a single person on the committee wrote down a rate cut this year, nor do i think it is at all likely to be appropriate if you think about it. inflation has not really moved down. it has not so far reacted much to our existing rate hikes, and so we re going to have to keep at it. most officials think two more rate hikes are needed this year, starting perhaps as early as next month. wednesday s decision ushers in a new phase in the fed s battle to lower prices follows a path carved out by central banks in countries such as australia and canada, which recently announced rate hikes following a break. michelle fleury there in washington, dc. the latest decision by america s central bank comes at a time when inflation is slowing but not as quickly as the federal reserve wants it to be. earlier, i spoke to blerina uruci of t.rowe pric
Credit report. Thank you so much, ed. Thanks for joining us. The news continues now on cnn its wednesday, april 3rd, right now on cnn this morning buildings collapsed, people trapped taiwan, rocked by the most powerful earthquake to hit the island in 25 years. Powerful storms, triggering dangerous floods and tearing off rooftops in the heartland here in america and donald trump back on the trail predicting the end of elections in america. If he loses to joe biden again all right 5 00 a. M. Here in washington live. Look at capitol hill on this misty wednesday morning good morning, everyone on kasie hunt, its wonderful to have you with us. We begin with Breaking News taiwan rocked by a deadly 7. 4 magnitude earthquake. Its the most powerful earthquake to hit the Island Nation in 25 years. Heres what we know right now, Rescue Efforts are underway more than two dozen buildings have collapsed, and people are trapped. The epicenter of the quake located just south of the tourist city of huali
we really demonstrated that we could reform our country during the war and i think it is a huge success for us. the second increasing gdp during the war and we have morejobs, more people come back. that is great. we thank kristalina georgieva, that you will support us financially. it is important during this challenging people and it means that ukraine is strong and not alone. i m joined now by justin urquhart stewart, founder of the investment platform regionally. good morning. lovely to see you. this is a critical week for ukraine. we have president zelensky in washington, hoping to get vitalfunding zelensky in washington, hoping to get vital funding through congress but later this week the eu summit takes place, the last of the year where they will be discussing their aid for ukraine for zelensky and for ukraine for zelensky and for the economy this is very important. it for the economy this is very important- for the economy this is very important. it is vital because th