not in line. what the bank is doing is looking back at inflation, but forward at what this rate decision may influence in terms of behaviour. i think, from last bank of england became, where they moved a 50 basis points, that was taken as a really big jump in rates. since that decision, we have seen some improvement in inflation numbers. there were still some calming for a 50 basis point change, but i think that this was more of the consensus. as you say, the balance between trying to get inflation under control, because let s not forget, that also makes people poorer in the long run, and also, making sure that there is not too much damage done to there is not too much damage done to the economy is a balancing act that they have to play. and, if you watch some of the comments andrew bailey made after the meeting, there were some pretty negative outlook in terms of gdp and the general gross scenario for the uk. scenario for the uk. and, a fine line in terms scenario for the
by the federal chair. fed chair based on the meeting today, i would tell you that i don t think it s likely that the committee will reach a level of confidence by the time of the march meeting to identify march as the time to do that. but that is to be seen. mr powell s words disappointed us on wall street who believed that the first cut would potentially happen in march. this is after policymakers back in december hinted at three rate cuts in 202a. however, mr powell said officials wanted greater confidence that inflation was falling back to its 2% goal first. with prices coming down but still high and with the economy doing well, david russell at trade station believes that this is the right call telling mejerome powell has no reason to show his hand at this point. the rate decision comes after fresh data showing us economic growth slowed down in the last quarter, but performed much better than forecasters expected. in other news, now to other stories making headlines. b
getting these comments by the federal chair. federal chair. based on the meetin: federal chair. based on the meeting today, federal chair. based on the meeting today, i federal chair. based on the meeting today, i would - federal chair. based on thei meeting today, i would tell federal chair. based on the - meeting today, i would tell you that i don t think it s likely that i don t think it s likely that the committee will reach a level of confidence by the time of the march meeting to identify march as the time to do that. but that is to be seen stop at mr powell s words disappointed us on wall street who believed that the first cut would potentially happen in march. this is after policymakers back in december hinted at rate cuts in 202a. however, mr powell said officials wanted greater confidence that inflation was falling back to its 2% goal first. with prices coming down but still high and with the economy doing well, david ross let believes that this is the right ca
by the federal chair. based on the meeting today, i would tell you that i don t think it s likely that the committee will reach a level of confidence by the time of the march meeting to identify march as the time to do that. but that is to be seen. mr powell s words disappointed us on wall street who believed that the first cut would potentially happen in march. this is after policymakers back in december hinted at rate cuts in 202a. however, mr powell said officials wanted greater confidence that inflation was falling back to its 2% goal first. with prices coming down but still high and with the economy doing well, david ross at trade station believes that this is the right call telling mejerome powell has no reason to show his hand at this point. the rate decision comes after fresh data showing us economic growth slowed down in the last quarter, but performed much better than forecasters expected. now to other stories making headlines. boeing boss dave calhoun has admitted
this is bbc news. the headlines. climate records tumble like dominoes , as european scientists confirm that 2023 was the warmest year on record. britain s foreign secretary lord cameron says he s worried that israel may have taken action in gaza that breached international law. a legal scandal in which hundreds of british post office managers were wrongly prosecuted for fraud has forced the former head of the post office to hand back an honour she received from the late queen. and the former us president donald trump is in court for a landmark legal case about whether he should be immune from criminal prosecution. this is the scene outside the courthouse in washington. more on those stories coming up in the next half hour. time for a look at the business news now. lovely to have you with us this afternoon. we start with the latest on the boeing 737 max planes because united airlines says it had found multiple loose bolts on door plugs during inspections of its fleet of max