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Added on the 11/03/2020 10:46:39 - Copyright : AFPTV - First images
The Bank of England's governor announces a cut to its main interest rate for the first time since the Covid pandemic broke out in 2020, as British inflation has retreated in recent months. Andrew Bailey called it a "finely-balanced" decision, with policymakers agreeing on a cut by five votes to four. Bailey added, "we need to be careful not to cut rates too much or too quickly". SOUNDBITE
Turkish President Recep Tayyip Erdogan expresses support for Azerbaijan's military operation in the breakaway region of Nagorno-Karabakh. "We support the steps taken by Azerbaijan, with whom we act together with the motto of 'one nation, two states', to defend its territorial integrity," Erdogan says. SOUNDBITE
Brussels asks EU member states to provide 50 billion euros ($55 billion) more to support Ukraine over the next four years, as part of a boost to the bloc's budget. SOUNDBITE
Governor Andrew Bailey announces that the Bank of England will raise interest rates by 0.5% to 1.75%, a hike unprecedented since the Bank gained independence in the 1990s, in a bid to tackle surging price rises. British inflation jumped to a four-decade high of 9.4 percent in June, worsening a cost-of-living crisis as workers' wages fail to keep pace. SOUNDBITE
Deborah Lyons, the UN secretary-general's special representative on Afghanistan, urges the world to keep money flowing into Afghanistan despite concerns over the Taliban government, warning the country could otherwise suffer a historic breakdown and be set "back for generations." SOUNDBITE
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