[000:00:19;00] economic percentage committee, mr. ali moghadam, vice president of planning and economic affairs of the ministry of agricultural jihad, we are at your service, also mr. abbasi, a member of the agricultural commission of the islamic council, in the field of economy , attending the stadium of tavangari house, sadabazi, soil protection , natural resources, tehran province, we are also at your service, in kerman province, in kerman province, satellite rahiminia, general manager of natural resources and watershed management in south kerman , we are at your service. we will talk. we will return to serve you and rahman and rahim in the month of bahman, 1400 rescuers who put their hearts into the water to bring bread and iraq to the flood victims, but that was not the whole story . he traveled to the flooded areas in the south. it must be done for a long time, it was a land embankment, from here until the investigation of the president, about 70 cases of heavy operations and soil operations have been carried out in the case of

let's speak now our economics editor faisal islam, what is the mood music coming from the committee today? they have percentagere expectations were, they have started to creep up that the bank of england given the data we had yesterday, and as we have just been healing, that kind of reinforced some of the concern we have seen in the markets about sticky inflation, stock inflation, about the jobs market. a 9—member committee votes on these things, and seven of the half percentage point rise which takes it back to where things were just before the great financial crisis began in 2008. it has not been raised to 5% since april 2008. two members of the committee voted against any rises, any diversification interviews, but the overwhelming majority did feel that given the developments we have seen in the data, a stronger than expected rate rise was required. there are some quite important details in the minutes of the meeting that happened over the past 24 meeting that happened over the past 2a hours, the bank as we were just hearing recognised that some of the structure of the british economy, particularly the mort

percentage point higher or four quarter point hikes in the funds rate. the committee sees more inflation this year than it previously did, forecasting a 3.9% core rate versus 3.6% in the prior economic predictions in march and less unemployment, 4.1 versus 4.5 moving on, they did see better economic growth this year, not tremendous, but 1% versus 0.4% the statement said the economy continues to expand at a modest pace job gains have been robust, unemployment has been low, and inflation elevated they continue to say tighter credit conditions are seen weighing on the economy, hiring and inflation. decision was unanimous, guys i say in terms of a hawkish pause, this is for sure that, with at least two more rate hikes forecast by the majority of the committee and some want three and some want four. and also one other thing you quantity to look at if, , if yoo at the real rate forecast, the nominal funds rate, the core pce they 23forecast, they had been forecasting 1.7, now they're forecasting of 2%. so that's even tighter than they had previously thought they would be guys >> we don't know where to begin. but stay there as we look through this the market reaction is initially sharply lo