The Week: Is The Economic Pain Still To Come?
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What is the main focus of today’s Newscast episode?
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Erässä Čääriporin lomahotellissa on kotiin lähdön aika.
Kotta kiinni saat! Ei, ei taas! Haloa tule takaisin!
Varaa talven paras loma nyt ja säästä jopa 200. Cäärepor, lomia, joiden etsoisi loppuvan.
Viilenevät illat, pitkät kävelyt ja tarina, joka vie mukanaan. Nyt koko kirja syksy puoleen hintaan. Storitel neljäksi kuukaudeksi 50 prosentin alennuksella. SOTITELL LIS VEDE WITH A SHORTY.
Please welcome back to the Newscast studio. Having not set foot in here for several months because he's normally at Westminster but has been on holiday as well. It's Chris Mason.
Hello. It's nice to be back in the glorious mothership of Newscast. Yeah, nothing's changed though, so. Do you know what makes me feel seen you actually face to face in No A couple of months.
Still got the mustache.
Yeah, yeah, yeah. Um new trainers. You
know
what I was gonna
say though is that yeah, what makes me realise we've not seen each other for a while? We've both got new shirts. We've
both got yeah. That has got new term swattiness written all over it, hasn't it? Yeah, no, we have. Yours uh look yours look fantastic. Yeah, that last pair were showing their age, weren't they? Yeah. Um You've
gone for a classic.
I've gone for your boring classic is a polite way of saying boring kind of bloke in suit in a city thing. Which is the w uniform of the political reporter.
The message is though, normal service has been resumed after the summer. And normal service means newscast is now at this point in the week the roundup of what's happened in the week and what we've learned and maybe like what we've now think about things with a couple of days hindsight, which was recorded in the newscast studio on Thursday night and broadcast on BBC One after question time, but now here in your feeds as an episode of Newscast. Newscast.
Newscast from the BBC.
Humanities
next great voyage begin. You know I like my bosses. I'll come on to them. I see that he was I guess the mayor of a town. Ooh
la
la.
Thinking about it like a panto helped.
Who are the hosts and guest and why is Stephanie Flanders joining the show?
Do
we play music now or what do we do?
And what
will you
do?
Stare at a wall.
Hello, it's Adam in the Newscast Studio. And it is Chris in the Newscast Studio. And Faisal in the Newcastle Studio. And joining us this week from Bloomberg is Stephanie Flanders. Hello Stephanie. Always
good to be here.
How's your podcast going? Tromponomics.
Tromponomics is is terrific. Never a dull approach. Never adult after the other thing. There's plenty of trompanomics in fact.
Well, there isn't the issue this week that the Federal Reserve, who set American interest rates, didn't do what Trump wanted. So they didn't do Trump economics this week.
No, but even the not doing Trumponomics is obviously very newsworthy. So we can talk about that as well. Is we've sort of morphed into everything in the economic world of Donald Trump, which kind of covers all bases.
Well, we're newscasts, so we can just do literally everything in the world. Um, Faisal, talking of interest rates, we've done at the Bank of England today. I'm
in the in the bunker of the Bank of England waiting for the Oh I someone was telling me this the other day,
that the interest rate decision, you're sort of you're locked in to like a bank vault.
Yes, with no mobile reception. They switched on the Wi Fi just on the on the uh at midday. We're quite close to the gold vaults apparently, but I've never managed to sneak out. You can't even go to Lou. Okay. You're locked. And actually as it turned out today, there was a very, very good financial reason because of uh announcements that were made. Not on the interest rate decision but on the
Well 'cause the interest rate decision was a hold. Yes. Which is good news I suppose for people's mortgages if you don't want your mortgage interest rate to go up and is it it does it have any other wider significance?
Yeah, well, savers obviously on the on the other side of that. Uh increasingly to um interest rates are being set in kind of real time, even if the banking don't do anything because people have fixed rates connected to the the markets more generally.
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Chapters
4 chapters
1
What is the main focus of today’s Newscast episode?
0:00–2:10
2
Who are the hosts and guest and why is Stephanie Flanders joining the show?
2:10–9:12
3
How does the US Federal Reserve’s recent rate hike compare with the UK’s stance?
9:12–10:32
4
Why did the Bank of England keep interest rates at 3.75 % and what does it mean for mortgages?
10:32–35:14