BBC World Service East and Southern Africa Schedule

BBC World Service East and Southern Africa

Business Daily

Factual: Money

The daily drama of money and work from the BBC.

Business Daily: Fed Hikes Rates, World Reacts

Bulletins

Fed Hikes Rates, World Reacts

17/12/2015 GMT

BBC World Service - Business Daily, Fed Hikes Rates, World Reacts

A quarter point rise in US interest rates. Reactions from US, Europe and Asia.

A quarter point rise in US interest rates, the first in seven years. A positive early response, but could there be unforeseen risks? Reactions from the US, Europe and Hong Kong.

We consider the Federal Reserve interest rates hike - 25 basis points up after some seven years of being virtually zero. It's been hailed as an historic step, the end of a low interest rate era. But what difference will it make to Americans and to the rest of the world? We get a range of reactions from emerging markets experts such as emerging market investor Jerome Booth, former IMF chief economist Simon Johnson, as well as Frederic Neumann - the head of Asian economics at HSBC in Hong Kong. So far the markets have seemed enthusiastic, but could the end of cheap money yet lead to unforeseen turbulence?
(Picture: A trader at the New York Stock Exchange looks up as the Federal Reserve's rate rise is broadcast; Credit: Spencer Platt/Getty Images)

BBC World Service

BBC World Service Online

BBC World Service Europe and the Middle East

BBC World Service West and Central Africa Schedule

BBC World Service West and Central Africa

BBC World Service East Asia

BBC World Service South Asia

BBC World Service Australasia

BBC World Service schedule for American satellite radio and the Caribbean

Accessibility links

Programme Index

Business Daily

Fed Hikes Rates, World Reacts

Genres

Formats

Brand

BBC World Service East and Southern Africa

About BBC World Service