Colombian Foreign Minister: The international community should insist that Israel resolve the Gaza conflict peacefully through negotiations.

Bank of Israel: The inflation environment has intensified. Inflation expectations and forecasts for the coming year have risen and are near the upper limit of the target range.

Bank of Israel: The interest rate path will be determined by the continued convergence of inflation toward the target, continued stability in financial markets, economic activity and fiscal policy.

Bank of Israel: Given the conflict situation, the Monetary Policy Committee focuses on stabilizing markets and reducing uncertainty while maintaining price stability and supporting economic activity.

Market news: The EU prohibits the provision of police equipment and technology for monitoring, surveillance or interception of communications to Russia.

Two people were killed and five were wounded in a Russian attack on the southern Ukrainian region of Nikolaev, officials said.

According to CGTN: The Israel Defense Forces said it had dismantled an 800-meter-long Hamas tunnel in central Gaza.

Ukrainian President Zelensky: Currently we do not have enough air defense missiles to prevent the attacks of thousands of guided air bombs every month.

Consumer price increases are likely to accelerate for the first time this year as base effects on both headline and core prices kick in, UniCredit economists wrote in a note. Inflation data due on Friday will likely show annual inflation rising to 2.5% in May from 2.4% in April, UniCredit forecasts, in line with forecasts of economists surveyed by The Wall Street Journal. The bank said base effects in energy will push up headline inflation, while changes in German transport costs will have the same effect on core inflation, which strips out energy and food prices. The Italian bank said headline inflation is likely to hover around the same level before starting to fall again in July.

Ukrainian President Zelensky: Russia used 3,200 guided air bombs to attack Ukraine in May.

European Commission Vice President and Foreign Minister Borrell: There is no safe place in Gaza and these attacks must stop immediately.

Borrell, Vice President of the European Commission and Foreign Minister: The news from Rafah is shocking. The Israeli attack has killed dozens of displaced people, including children. We condemn this in the strongest terms.

ECB Chief Economist Lane: Then we will see another phase of inflation coming down again, bringing us back to our target level later next year.

ECB Chief Economist Lane: We believe inflation will rebound around current levels in the coming months.

According to TASS: The Kremlin said NATO is directly involved in the Ukrainian conflict.

ECB Chief Economist Lane: The overall information on wages is unstable. Although there has been some slowdown, it has been quite slow.

Euro zone bonds continued to rise after comments from ECB board member Francois Villeroy de Villeroy on interest rates.

ECB Chief Economist Lane: The transmission effect may peak at the end of 2024.