with me isjonathan charles, managing director, communications at european bank for reconstruction and development. let's start with the headline in the south china morning post. it is a real contrast on the front page, this display of unity that we have with president xi, the contrast of the mass protest leading to the shooting of a demonstrator. do you think this could mark a turning point in the way that the authorities are dealing with these mass protests? i think it is pretty interesting. president xi went out of his way at those ceremonies in beijing to talk about one country, two systems. it is in display in a way here in that headline, the unity, one country with one system which has taken place in beijing, another picture from hong kong, that terrible tension. i was passing through hong kong a few months ago as this was all happening. the real question is, where it is this going? president xi went out of his way to talk about it to make it clear in a way that he wishes to keep hong kong asa way that he wishes to keep hong kong as a separate system, that china is going to respect that and

with me isjonathan charles, managing director, communications at european bank for reconstruction and developmentis a real contrast on the front page, this display of unity that we have with president xi, the contrast of the mass protest leading to the shooting of a demonstrator. do you think this could mark a turning point in the way that the authorities are dealing with these mass protests? i think it is pretty interesting. president xi went out of his way at those ceremonies in beijing to talk about

with me isjonathan charles, he's the director of communications, european bank for reconstruction and developmenter words that boris is using here. he says that this deal being presented will form the basis of a compromise. that is key. it is clear that he thinks there will be compromised but how much will come from him and how much from the eu.” think this is fascinating. we have gone from a position of no borders in ireland to this proposal which seems to suggest there will be two borders, one potentially in the irish sea, the other one somewhere, perhaps not right on the border is his suggestion, but within a few miles of, between the republic of ireland and northern ireland. is this enough was to mark well, at least he offers the parts of the irish economy in the north will stay in the single economy until 2025. that is certainly movement but it does not go far enough. on the other hand, the eu now want to be seen to be talking. they will start talks. i don't think they will reject this com pletely don't think they will reject this completely but they want further concessions. i've heard bori

us now on a cnbc exclusive is manager economist and executive director of the european bank for reconstruction and developmenternoon to you, judy. thanks for joining us. >> nice to be with you thank you. >> despite that criticism on twitter from the president of the fed chair presumably he's happy with the decision itself and presumably you welcome the decision itself to cut rates again. >> i do welcome it i think that yesterday the first requirement of discretionary monetary policy was fulfilled in that you should do no harm and it's clear the market got what it was expecting, even demanding and i think it's important when other factors are going to the right way for our economy you don't want to pull the monetary rug out from under them with a bad surprise >> what do you think is going on in the fed chair's head in the course of the last 10 months to see a massive pivot from where he was in december to three cuts later, without the data changing that much. it's changed a bit but a huge about turn has he been weak as he caved to what the president wanted? >> i'm not assuming he's trying to appease the presid