For the Second Quarter. We can provide hints on whether the bank ofjapan will continue to remain an outlier and keep Interest Rates ultra low. Earlier, High Speed Two fidelity international s Catherine Yeung who said china is facing a confidence problem. It is lack of confidence within the consumption and corporate sector. In fact last friday we had julys money supply and aggregate Financial Data released and it was marginally weaker than expected, so tomorrow in fact we have this operations, and while the expectations are there will be no cuts on the benchmark generally speaking, you could see a slight increase of probability of ten basis points rent cuts, so again policy is going to outgrow chains, but it is going to be this continuing tweaking to accommodate. Tomorrow we will get some extra data out. But really what is the biggest problem facing china to get its economy up and running . If china to get its economy up and runnina . ,. , china to get its economy up and runninu . ,. ,
Seem to be in economic obstruction. Seem to be in economic obstruction. So youre not seeinu obstruction. So youre not seeing such obstruction. So youre not seeing such impact obstruction. So youre not seeing such impact as obstruction. So youre not l seeing such impact as were here for them are using any impact for us in more broadly in the region . In the region . Very broadly economic in the region . Very broadly economic impact. In the region . Very broadly economic impact. We in the region . Very broadly i economic impact. We continue in the region . Very broadly economic impact. We continue to believe that the growth of the region excluding china and japan will be four or 3 are from four point know so an acceleration of growth in 202a. If you read the report of our Economics Team there is virtually no mention of the red sea as having an economic impact. Certainly it has a Supply Chain Impact in the sense that orders have to put in place early and transit times are longer. Its hard
In manchester. We can see the goals on the screen, talk us through the reaction . , ,. , on the screen, talk us through the reaction . , ,. ,. Reaction . There has been so much excitement reaction . There has been so much excitement in reaction . There has been so much excitement in manchester. Reaction . There has been so much excitement in manchester. When l reaction . There has been so much i excitement in manchester. When ella toone scored that fantastic first goal for england, toone scored that Fantastic First Goalfor england, everyone toone scored that fantastic first goal for england, everyone was cheering, there were so many happy faces and lots of young people who are big fans of ella toone. This is where her career first started when she was about five years old. As you can imagine, people were delighted to see her score in the semifinal of the world cup and also pleased to note that england are now through to the final. I want to speak to some of the people who are watching.
England decide what to do with Interest Rates. The current uk base rate 5. 25 . But after we found out that wages, on average, are rising at their fastest level now in 20 years, could we see another rise in september. Joining me now is kallum pickering, whos the Senior Economist at berenberg bank. With your predictions, what are you thinking you will see here today . I you thinking you will see here toda . ~ , today . I think we might be surprised today . I think we might be surprised a today . I think we might be surprised a little today . I think we might be surprised a little to today . I think we might be surprised a little to the surprised a little to the upside but it not should not make much of a difference, the Bank Of England expecting 6. 8, markets expecting 6. 7, if it came at 6. 9 i would not be surprised because Petrol Prices rose over the month but it should be a big versus last month because the energy price comes down in the monthjuly. This should be another step down i
For a while yet if in the future at all, pointing to an unstable global Food Supply Pressurised by the war in ukraine. Now the price of food in the uk rose by nearly 17. 5 in the year tojune, which was actually a fall from a high of just over 19 in the year to march, following an overall drop in the wholesale price of food which you can see here peaking when russia invaded ukraine last year. It has been trending downwards. But prices are still much higher than before the war and have started creeping up again. Lets discuss this with Kona Haque Head of reserach at commodities house ed and f man holdings. Good to have you on the programme. Do you agree with the Chief Economist at the Bank Of England that actually high food prices are here to stay . I think at least for the sure term we still have got some pressures that will keep prices elevated. The factors globally, the stocks, global stocks of the stocks, global stocks of the grains, the staples such as grains and oils, and sugar, the