Original version

BBC World Service Australasia

World Business Report

Factual: Money

The latest business and finance news from around the world, on the BBC

The latest business and finance news from around the world, on the BBC.

BBC World Service schedule for American satellite radio and the Caribbean

BBC World Service Americas and the Caribbean

BBC World Service

BBC World Service East and Southern Africa Schedule

BBC World Service East and Southern Africa

BBC World Service South Asia

BBC World Service News Internet

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

World Business Report: First broadcast 27/10/2022 14:32 GMT : European Central Bank doubles interest rates to most in over a decade

Bulletins

European Central Bank doubles interest rates to most in over a decade

First broadcast 27/10/2022 14:32 GMT 

First broadcast 27/10/2022 14:32 GMT : European Central Bank doubles interest rates to most in over a decade

BBC World Service - World Business Report, European Central Bank doubles interest rates to most in over a decade

European interest rates have spiked to post-2009 heights, prompting recession fears.

The European Central Bank's has raised interest rates for the third time this year to 1.5%. These rates are at their highest level since the global financial downturn of 2009. Maria Demertzis, deputy director of the Bruegel, an economic think tank in Brussels, discusses the immediate and long term effects of this strategy.

We hear from Jin Liqun, the boss of China's development bank about why they keep lending to countries with already crippling debt.

In its annual report, the International Energy Agency (IEA) has warned that the first truly global energy crisis may be on the horizon as a result of Russia's invasion of Ukraine. Presenter Sam Fenwick speaks to the chief energy economist at the IEA, one of the co-lead authors of the report.

Emma Wall, the head of investment analysis at the UK brokers Hargreaves Lansdown follows the latest on the markets.

Good news for Indian cricket as the men's and women's national cricket teams will be paid the same appearance fee to represent their country. The announcement came from the India's top Indian cricket official, Jay Shah, who said, "Pay equity was my commitment to our women cricketers". Diana Edulji, Indian's first woman cricket captain explains the significance of this milestone. 

Presenter: Sam Fenwick
Producer: Devina Gupta and Gabriele Shaw
Senior producer: Izzy Greenfield |

(Photo: Christine Christine Lagarde, President of the European Central Bank. Credit: Ronald Wittek/EPA-EFE/Rex/Shutterstock)

Accessibility links

Programme Index

World Business Report

First broadcast 27/10/2022 14:32 GMT : European Central Bank doubles interest rates to most in over a decade

Genres

Formats

Brand

BBC World Service Australasia

About BBC World Service