The Financial Outlook for Personal Investors: ECB rate hike, latest CPI & Carnival rights issue

Russ Mould of A J Bell talks to Simon Rose about the ECB rate hike, bigger than expected in an effort to tackle inflation. He points out that there are 19 different inflation rates to consider and wonders how one interest rate can satisfy the requirements of so many countries. Are they, and other central banks, increasing rates into a possible recession? He also looks at the cost-of-living indicators for the UK and the latest capital raising exercise from cruise ship operator Carnival, a company, he feels, which may suffer if discretionary spending is cut back.