The Global Jigsaw is the podcast lifting the language barrier to show you the world through its media.

Radio Tehran.

We were not the international community.

That era has finished.

The Global Jigsaw from the BBC World Service.

Listen now by searching for the explanation explanation wherever you get your BBC podcasts.

Hello and welcome to Business Daily from the BBC with me, Rob Young. Over the past two years,

interest rates have increased sharply in many countries. That higher cost of borrowing has hit many households and businesses hard.

It represented nearly $1,000 a month extra payment that I was having to make.

It's really difficult, especially in a restaurant industry, where profit margins are not that great.

Help could be on the way. Financial

markets now predict that interest rates in the world's biggest economy, the United States,

will be cut this year. So will the central bank reduce them imminently? They're going to probably

wait to see more indicators that they're exactly have this call right.

They obviously don't want to get it wrong, but their credibility is at stake as well.

That's all in Business Daily from the BBC.

The past few years have been marked by two economic trends that have affected pretty much everyone on the planet.

The first is the cost of living crisis that followed the COVID pandemic and was made worse by Russia's invasion of Ukraine.

That saw prices in the shops saw. In many countries, they rose by their fastest pace for four decades.

The attempt to stamp out this inflation is the second of those big economic trends,

as central banks aggressively increased the cost of borrowing.

World News from the BBC.

...