Caution at the Bank Of England. It keeps Interest Rates on hold but the governor tells us they are optimistic that Borrowing Costs are on the Path Down. Over on Wall Street though the party is back on. Shares hit a new Record High as the fed says the economys in a good place despite Itsjumbo Rate cut billion dollar breaks Australias Economy rides a wave of interest in surfing. It is the government fully with the sport . All those puns to come a little later in the programme. We start here in the uk where the bank of England Governor Andrew Bailey has said Interest Rates are now gradually on the Path Down despite the Banks Decision to keep the cost of borrowing on hold today. The banks main rate was left at 5 after it was cut last month for the first time in more than four years. The bank ratcheted up Interest Rates to try and control inflation which hit a peak of 11. 1 back in 2022. Since then inflation has been brought down significantly its sitting just above the banks target curre
Interest rate hikes are in Cooling Inflations even if it were those type of small Businesses. It is about to change. Mr powell and his colleagues are said to cut Interest Rates. In New York the arrival of ogden marks a change. After raising Interest Rates 11 times, The American Central Bank is all but certain to unwind to that. But how quickly they go down from here is still up for grabs. Perfectly, like this on your porch and we price it less than picking up the pumpkins themselves. At picking up the pumpkins themselves. Picking up the pumpkins themselves. ,. , themselves. At this Farm Shop themselves. At this Farm Shop the rebirth themselves. At this Farm Shop the rebirth of themselves. At this Farm Shop the rebirth of economy themselves. At this Farm Shop the rebirth of economy as the rebirth of economy as follicles or to the official target of 2 is yet another moment of change. We target of 296 is yet another moment of change. We want Stability Moment of change. We want stability
from these various meetings happening today? the from these various meetings happening today? happening today? the two meetings. happening today? the two meetings, the happening today? the two meetings, the g7 - happening today? the two meetings, the g7 but - happening today? the two meetings, the g7 but also | happening today? the two - meetings, the g7 but also the ttc, which i see is the more productive and hope meeting, it is bilateral, the us and the eu. i am sure something will come out of this, given the risks and dangers that have been identified quite clearly by both sides. what we could expect in that format is probably some kind of agreement on what the risks are first of all, to define the risks, the metrics of measuring the risks of ai and risk management methods, but also the start of developing common standards, to take steps together to, with stakeholders present at the ttc, who will give insight necessary to arrive at common standards. and i think everyo
of where the republican candidates running for president stand in ukrainening a little bit shocking.t republ it s all we expected, and it sin cas at all what republican on capitol hill are saying.disc more evidence that there son a disconnectnect between republicans in washington and everyone else. we ll get that in just everyon a minute. but first tonight, it hass sinc been 15 years since the global 2018financial crisis of 2008, a. a long time, but it hasn t gonee away. it s consequences st is , in fa. still define our world. sy is the u.s. government so deeply in debt?how di how did wall street get so muchm money? what did they do exactlyuc? why are housing prices so high? hi why do our leaders stoke racial conflict? why have so many mano americans concluded that their system is rigged? in every caserigged. the anss to those questions is the same . it all bega n inin two thousand eight now 2008. u and its aftermath is a complex story, but it s justncia some up in
expect in this you can see, there has been substantial damage to property. the queen s death certificate is made public, it says she died of old age, at ten past three in the afternoon on the 8th september and tributes are paid to the american rapper coolio who s died at the age of 59 in los angeles. the prime minister has insisted that her tax cutting plans are right for the uk economy and she will not be changing course. in her first interviews since the chancellor s mini budget last friday, liz truss argued that record falls in the pound and rapidly rising borrowing costs in the uk are part of a global crisis that has been sparked by the war in ukraine. and she said the government s strategy would support people and businesses hit by rising energy prices. here s our economics editor faisal islam. an engine factory in darlington. the chancellor, kwasi kwarteng, out and about for the first time since his mini budget stalled, britain s currency slumped and borrowing costs s