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A move that was expected. The current cost of borrowing now sits at five to 5. 25 , the highest in 16 years. But is the fed finally done with rate hikes . The bbc� s Samira Hussain reports from new york. Inflation remains stubbornly high to try and get the cost of living back down to more normal levels. The federal reserve, americas central bank, has raised Interest Rates ten times in a little over a year. And now it seems it may be ready to perhaps take a pause. The committee will take into account the cumulative tightening of Monetary Policy, the lags with which Monetary Policy affects Eco...

south wales police give more details about events leading to the death of two boys in cardiff — but their account raises fresh questions. inflation is in single figures for the first time since last august — but food prices have continued to surge at their fastest rate in nearly 45 years and a life—changing medical breakthrough — as a man paralysed in a cycling accident walks again, thanks to implants in his brain. on bbc london... later in the hour, on the bbc news channel will not round up the latest action and key interviews and discuss the biggest talking points from here...

the global monetary pivot — that was what some commentators were declaring on wednesday, after the us federal reserve said it had probably finished raising interest rates, and signalled it was planning to start cutting them next year. but clearly, neither the european central bank nor the bank of england got the memo. they left their rates on hold and said it was too early to talk about cutting them. in fact, here in the uk, three members of the bank of england monetary policy committee actually voted to raise the interest rate above its current level of 5.25%. the bank is worried ...

eurovision song contest. now on bbc news, talking business. hello, everybody. a very warm welcome to talking business weekly with me, aaron heslehurst. let's go and take a look at what's on the show, what's in store for 202a? another year of struggle for the global economy. but are things about to get brighter? how much we spend in the shops, jobs and interest rates as well as elections and war are all on the agenda for the next 12 months. but what will it mean for our cost of living? i'm going to tackle those questions with these two, there they are, the chief economist atjp morgan,...

is going to give me the lowdown on what might change in the world of work. plus, coming out of the clouds, the head of the global airline body, iata, tells me why the cost of flying is one thing that won't be getting cheaper next year. wherever you'rejoining me from around the world, once again, a big hello and a warm welcome to the show. so as we wrap up 2023, we've decided to take a look at what's in store for all of us in 202a. what will change in our global economy? what about ourjobs and paycheques? will we continue paying those high prices in supermarkets, or will the cost of l...