is on the road to recovery. joining me now is kathleen brooks, research director at the stockbrokers xtb. no great surprise the bank didn t decide to make a move on rates. the forecast is still later in the year but it is interesting when we look at how those members of the mpc voted, we get a sense of what could happen next. voted, we get a sense of what could happen next- happen next. absolutely, the two members that happen next. absolutely, the two members that voted happen next. absolutely, the two members that voted for - happen next. absolutely, the two members that voted for a - happen next. absolutely, the two members that voted for a hike i happen next. absolutely, the two | members that voted for a hike last month and for the last five months before all the other members, or most of the other members, were voting to remain on hold, they moved to the other side so they are no longer looking for rate hikes, so that has made the path to cuts much easier on the mar
the core rate, stripping out those volatile elements such as fuel and rents, fell to 3.8% from 3.9% injanuary, but that was still higher than the 3.7% expected. this latest data suggests there is still some stickiness with inflation that will be scrutinised by the federal reserve as it weighs up a highly anticipated interest rate cut injune. let s head over to new york and speak to our north america business correspondent michelle fleury. not michelle fleury. a huge rise but not heading in the not a huge rise but not heading in the right direction? the right direction? people were hoinu to the right direction? people were heping to see the right direction? people were hoping to see more the right direction? people were hoping to see more evidence - hoping to see more evidence that prices were cooling and moving in the direction they wanted, this probably goes in the negative column, inflation is a bit hotter than people would like to see, and it does not necessarily mean
this is bbc news, the headlines: hundreds of post office employees wrongly convicted in the uk s biggest miscarriage ofjustice are due to have their names cleared under new legislation. albania s constitutional court has approved a controversial agreement to return asylum seekers in italy to albania. and police in the uk warn about drivers under the influence of illegal drugs. time for a look at the business news now with mark. artificial intelligence has hit the tipping point. that was the message in recent hours from jensen huang, the boss of nvidia. it dominates the market for al chips. their earnings and forecasts were better than expected. profits for the last three months of 2023 were up 769% on the previous year. huang also announced new moves to defend its market dominance in china which is now threatened by us export curbs. but are we watching a bubble develop? here s one industry perspective from malcolm penn, who is a consultant to the semiconductor and electronic
aviation. i fully wondered “ust last week with my familyh aviation. i fully wondered “ust last week with my family. i flew on it “ust last week with my family. i flew on it just last week week with my family. i flew on it just last week with week with my family. i flew on it just last week with my week with my family. i flew on it just last week with my family. - welcome to world business report, i m mark lobel. artificial intelligence has hit the tipping point. that was the message in recent hours from jensen huang, the boss of nvidia. it dominates the market for al chips. their earnings and forecasts were better than expected. profits for the last three months of 2023 were up 769% on the previous year. huang also announced new moves to defend its market dominance in the country now threatened by us export curbs. but are we watching a bubble develop? here s one industry perspective from malcolm penn, who is a consultant to the semiconductor and electroni