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The governor of the bank of england has warned businesses not to put up prices — to avoid cementing inflation at its current high level. andrew bailey said that increasing the cost of goods and services could push the cost of living even further, and would hurt the least well—off. our business correspondent marc ashdownjoins me. what has he been saying? he is here that inflation — what has he been saying? he is here that inflation is _ what has he been saying? he is here that inflation is too _ what has he been saying? he is here that inflation is too high _ what has he been saying? he i...

Has warned businesses not to put up prices — to avoid cementing inflation at its current high level. andrew bailey said that increasing the cost of goods and services could push the cost of living even further, and would hurt the least well—off. for more on this, i spoke earlier to business correspondent marc ashdown. it is the pace of course at which the prices of goods and services we pay for is rising. at the moment it is at about 10.4%. the bank wants it to be at 2%. it bumbles along at 2% normally. but it has gone up hugely over the past year and that is having an impact on our pocket...

Hannah can tell us more. we have had moves around the world, around the united states, european central bank, and also we had that inflation figure? yes, a lot of people would say, why make it harder for yes, a lot of people would say, why make it harderfor us? it is tough already. it's a tricky balancing act for the bank of england at the moment. last month they predicted that the rate at which prices are rising had peaked. but, of course, yesterday we learned that inflation unexpectedly rose to 10.4% in february, a near 40—year high. the spike was driven by soaring food prices, which are n...

Powell said it was too early to say. michelle fleury at the federal reserve. here in the uk the bank of england faces a similar dilemma — except inflation here is proving very sticky indeed — last month unexpectedly rising to 10.4%. market watchers are now assuming the uk central bank will raise rates again when it meets later today. let's discuss all of this with alex brazier — managing director, deputy head of the blackrock investment institute and formerly an executive director at the bank of england. good to have you on the programme. if we start with the fed to begin with, did they ...

Facing a very similar dilemma. it saw inflation in the uk rise in the month of february to 10.4%, an eye watering sum for so. we'll be getting an expert on that and live to paris for more on the strike action there. i'll see you injust more on the strike action there. i'll see you in just a moment. hello, there. the weather is remaining pretty unsettled for the rest of this week. low pressure will always be nearby, out to the west of the uk, in the atlantic — steering weather fronts our way, bringing outbreaks of rain, followed by sunshine and showers. and it will be blustery, even windy at ...