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US makes biggest interest rate rise for 22 years

Its central bank said it was raising the rate by half a percentage point

The US central bank, the Federal Reserve, has raised interest rates by 0.5% in a bid to combat rising inflation, which is currently running at 8.5%. We get analysis from our north America business correspondent Michelle Fleury.
The European Union has proposed a ban on imports of Russian oil and refined fuel products. We get a sense of how this move could impact the Russian economy from Elina Ribakova, deputy chief economist at the Institute of International Finance.
Also in the programme, the 主播大秀's David Reid reports on how fast and portable genome testing is unlocking the secrets to ourselves, and the environment we live in.
And Diego Maradona's infamous 'Hand of God' football shirt sells for a record 拢7.1 million. We assess the legacy of the footballer - and that 1986 game - with Marcela Mora y Araujo, an Argentine sports journalist based in London.

(Picture: A supermarket in California. Credit: Getty Images)

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27 minutes

Last on

Wed 4 May 2022 21:32GMT

Broadcast

  • Wed 4 May 2022 21:32GMT