A top IMF official has warned that central banks need to move cautiously on cutting rates this year, BP has appointed interim boss Murray Auchincloss as its permanent chief executive, and Rishi Sunak quelled a rightwing Conservative revolt over his flagship Rwanda asylum bill. Plus, the FT’s Joe Leahy explains why China’s population decline accelerated in 2023 as its economy grew at one of the lowest rates in decades.

Mentioned in this podcast:

IMF official warns central banks against fuelling inflation with rapid rate cuts

Stocks drop as ECB and UK inflation puncture interest rate cut hopes

BP appoints interim boss Murray Auchincloss as permanent chief

Tory rebels abandon revolt over Rishi Sunak’s Rwanda bill

China’s population decline accelerates as economy reaches low growth target

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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China is not out of the woods yet

FT News Briefing