Point to 3. 5 . So have those eurozone nations turned a corner on inflation . Joining me now is charles younes, deputy chief Investment Officer at financial Analysis Company fe info. Good to have you with us. Make that link for us. We saw that cut earlier in the week, and it seems as though it backs up that decision they made earlier. Yes, i fully agree with you on that point. The ecb has been very clear, they have been slow in Cutting Rates, and really it is about inflation. So the number given this week confirms that the ecb needs to be very slow in Cutting Rates. It that the ecb needs to be very slow in Cutting Rates. Slow in Cutting Rates. It also suggests slow in Cutting Rates. It also suggests that slow in Cutting Rates. It also suggests that the slow in Cutting Rates. It also suggests that the european | suggests that the European Central Bank had a very different tactic versus the Bank Of England and the us federal reserve. What does it tell about their thinking and whether the
Plus a first look at tomorrows front pages. Good evening. Englands lionesses have thrilled and delighted fans at home and abroad by beating the hosts australia 3 1 in a keenly contested world cup semi final. Its the third consecutive time theyve been in the last four in the world cup and it now means they will face spain in the final on sunday. Todays match was full of drama and tension, leaving the audience wherever they were on a rollercoaster of emotions. Its tough being a fan. With a place in the final potentially 90 minutes away, the tension was deep and palpable. Despite a nervy opening, englands first goal sparked wild celebrations. Cheering. Both in australia and back home. But australias supporters knew their team werent going down without a fight. Cheering. And a goal in the second half restored hope to the home nation. England fans on Tenterhooks But then two more goals sealed englands place in sundays final against spain. Its coming home. Well, our Sports Editor dan roan is
He will release his own 100 page report on what he calls the stolen georgia election, two pages bigger than the charge sheet against him and his 18 accomplices. And well tell you how the us Treasury Secretary came to accidentally eat Magic Mushrooms while on a visit to china. First a Welcome Development here in the uk. Inflation fell sharply to 6. 8 injuly, from 7. 9 injune. But it still means prices continue to rise. Prime minister rishi sunak says it shows his governments plan is working, but he cautioned against complacency. The drop was fuelled by lower energy costs. But Core Inflation which looks at price rises excluding food and energy remained unchanged. According to the office of national statistics, the rising costs of hotels, air travel, and rents are among the costs keeping inflation high. Economists are still expecting Interest Rates the tool used by the Bank Of England to control price rises to be raised further. Our economics editor faisal islam reports. The heat may be c
And coming up in sport on bbc news, ben stokes will be part of englands world cup squad later this year after reversing his decision to retire from one day cricket. Good evening. Englands lionesses have made history by reaching the final of the womens world cup for the first time. They beatjoint hosts australia 3 1 in a thrilling match in sydney. Australia equalised midway through the second half after ella toone scored the first goal, but then goals from lauren hemp and Alessia Russo saw england through. They will now face spain in the World Cup Final on sunday. Our correspondent Shaimaa Khalil is in sydney. Face of both teams were quenching for that spot. In the final it of History Making Territory for both sides. The england fans were outnumbered. They knew that. Is the matildas supporters packed the stadium and the fans. But with every one of the lioness goals they grew louder and bolder and then it was heartbreakfor louder and bolder and then it was heartbreak for the hosts with e
The uk, unemployment rose to 4. 2 in the uk, unemployment rose to 4. 2 in the three months tojune, up from 3. 9 in the previous three months. Average wages, not including bonuses, grew at a record rate of 7. 8 during that same period, which is almost the same as the latest uk Inflation Measure of 7. 9 , which was recorded injune. It means average pay has almost caught up with price rises. Lets discuss that now with jane foley, who is head of strategy at a bank. It sounds good that wage growth has caught up with inflation, but is there something more complicated at play here . There is alwa s a complicated at play here . There is always a sting complicated at play here . There is always a sting in complicated at play here . There is always a sting in the complicated at play here . There is always a sting in the tail complicated at play here . There is always a sting in the tail with always a sting in the tail with economic data. What it does mean is that it economic data. What it does m