i m sally bundock and we start here in the uk where in the next few hours the latest inflation numbers will be released and its widely anticipated the news will be good with prices coming down. the bank of england says it expects inflation to fall sharply in april . this follows an upgrade from the international monetary fund for the uk economy. it says we should avoid a recession this year but the imf is warning inflation remains stubbornly high and higher interest rates will need to remain in place if it is to be brought down. so where are we at? if we look at february inflation measured as consumer prices stood at 10.4%. the soaring cost of food and energy being the key drivers. it then fell slightly to 10.1% in march. this was a surprise as a much biggerfall was predicted and rang alarms bells with concerns of sticky inflation that proves difficult to reduce. bells with concerns inflation is proving very sticky. difficult to bring down. and helps low prices with th
Relying on foreign chip makers. last summer, us presidentjoe biden signed the chips act that threw billions of dollars in subsidies and tax credits to help the domestic chip making business. staying with microchips, the tit for tat between the us and china is heating up. the chair of the us house of representatives committee on china says that the commerce department should put trade curbs on chinese memory chip maker changxin memory technologies after beijing earlier this week banned the sale of some chips by us based micron technology. lets go to katie silver in our asia business hub in singapore. good to see you. what is the latest on this? latest on this? that s right, so many latest on this? that s right, so many have latest on this? that s right, so many have been - latest on this? that s right, so many have been waiting | latest on this? that s right, l so many have been waiting to see whether or not washington
Very blunt but supply side measure is trying to open up certain downstream or upstream route also could potentially take time. so it not that straightforward.- could potentially take time. so it not that straightforward. thank you ve much not that straightforward. thank you very much for not that straightforward. thank you very much for talking not that straightforward. thank you very much for talking to not that straightforward. thank you very much for talking to us. - not that straightforward. thank you very much for talking to us. stickyl very much for talking to us. sticky inflation seems to be the phrase of the moment. the tit for tat between the us and china over semiconductors shows no signs of easing. the chair of the us house of representatives committee on china says that the commerce department should put trade curbs on chinese memory chip maker chang xin memory technologies after beijing earlier this week banned the sale of some chips by us based micron technology. a