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Transcripts For BBCNEWS World 20240703

In poland more than thirty years ago, following a bitter and divisive campaign. Donald tusk said polands bad days were over. Translation yesterday people approached me and asked, will you be able to do it . It wasnt possible for so many years. This is the end of this bad time. Of the rule of law and justice. Donald tusk, who did work in brussels as the European Council chief, has pledged to reposition warsaw on a firm pro european path which could unlock billions of euros in eu funding withheld by the European Commission in a spat with the current government over judicial reforms. To talk us through whats at stake im joined by bert colijn senior Eurozone Economist at ing bank. A warm welcome to the programme. Do you think brussels is Breathing A Sigh of relief as it looks at how this General Election has unfolded . Well, i think that if we look at these first pulse and indeed if this is how a coalition is ultimately going to be formed, i think it will make things slightly easierfor i t

Transcripts For BBCNEWS Asia 20240703

New zealanders have been feeling the pinch from soaring prices as well as unaffordable housing. Meanwhile the central bank has pledged not to lower the official cash rate from its 15 year high Arthur Grimes from Victoria University of wellington spent a decade as chairman at the Reserve Bank Of New Zealand between 2003 and 2013. There are many priorities for the incoming government. The issue will be the structure of the government as to whether they will be able to do much to tackle the economic problems that are there. At the moment, we dont know and we wont know for another two weeks whether the new Prime Minister will be able to form a governmentjust with the act party, a smaller Libertarian Party or whether they will also need to form a three Party Coalition with new zealand first, essentially a populist pork barrel politics party, and those of the two parties cannot Work Together very coherently on economic policy, so if its going to require a three Party Coalition its going to b

Transcripts For BBCNEWS Asia 20240703

Promised to us Hus Experience in business to bring down The Cost Of Living which has been one of the main issues in the election. New zealanders have been feeling the pinch from soaring prices as well as unaffordable housing. Meanwhile the central bank has pledged not to lower the official cash rate from its 15 year high Arthur Grimes from Victoria University of wellington spent a decade as chairman at the Reserve Bank Of New Zealand between 2003 and 2013. There are many priorities for the incoming government. The issue will be the structure of the government as to whether they will be able to do much to tackle the economic problems that are there. At the moment, we dont know and we wont know for another two weeks whether the new Prime Minister will be able to form a governmentjust with the act party, a smaller Libertarian Party or whether they will also need to form a three Party Coalition with new Zealand New Zealand first, essentially a populist pork barrel politics party, and those

Transcripts For BBCNEWS Asia 20240703

Down The Cost Of Living which has been one of the main issues in the election. The economy has been teetering on the brink of recession while New Zealanders have been feeling the pinch from soaring prices as well as unaffordable housing. Meanwhile the central bank has pledged not to lower the official cash rate from its 15 year high until inflation is backin 15 year high until inflation is back in the targeted Comfort Range of 1 up to 3 . We have spoken to Arthur Grimes from Victoria University of wellington who spent a decade as chairman at the Reserve Bank Of New Zealand between 2003 and 2013. , a, ,. , 2013. There are many priorities for the incoming 2013. There are many priorities for the incoming government. | for the incoming government. The issue will be the structure of the government as to whether they will be able to do much to tackle the economic problems that are there. At the moment, we dont know and we wont know for another two weeks whether the new Prime Minister will be

Transcripts For BBCNEWS Asia 20240703

Supplies due to conflict calmed down ade after a day after saudi arabia pledged to stabilise the market. The markets in australia, are following wall street s lead. The central bank said it might hold steady on another Interest Rate hike as well. Rate hike as well. Federal reserve rate hike as well. Federal reserve officials rate hike as well. Federal reserve officials are rate hike as well. Federal reserve officials are embracing the higherfor longer reserve officials are embracing the higher for longer strategy. Thats according to the newly released minutes in the september meeting. The readout shows while people are divided on whether the us Central Rate Hike will happen before the year is out, they seem it has spill over effects in Financial Markets everywhere. Higher rates make it more expensive for americans to take out a loan on a house or a car and makes it more expensive for businesses to borrow through loans or lines of credit, all of which slows growth. Meanwhile, the inter

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