Bank of England Deputy Governor Broadbent: The persistence of inflation is weakened by high interest rates.

Bank of England Deputy Governor Broadbent: I would look more closely at services inflation than short-term wages.

Bank of England Governor Bailey: I am very concerned about the transmission of costs into prices.

Bank of England Governor Bailey: Recently there has been some decoupling in market interest rate expectations between the UK and the US.

Deputy Governor of the Central Bank of Malaysia: Confident that the Ringgit will strengthen.

Bank of England Governor Bailey: UK inflation dynamics are different from those in the US. Changes in market expectations for interest rates are mainly affected by US trends.

UK two-year gilts extended their gains, with yields falling 4 basis points to 4.27%.

Bank of England Governor Bailey: (When asked about the June rate cut) It will depend on the judgment of the persistence of inflation. Each meeting is a new interest rate decision.

Bank of England Governor Bailey: Rate cuts will really depend on how the data evolves.

Bank of England Governor Bailey: There is no preset idea about the speed and extent of interest rate cuts.

Bank of England Governor Bailey: Policy will need to be made "more accommodative".

Bank of England Governor Bailey: We are making very good progress towards restoring inflation to 2%.

Bank of England Governor Bailey: Encourage inflation to be close to target in the coming months.

Bank of England Governor Bailey: There are no surprising data to suggest that we are returning to a more normal economic period.

Qualcomm (QCOM.O): No change to our financial guidance for the third quarter of fiscal 2024.

Source: A Ukrainian Security Service (SBU) drone hit the Russian BASHKIRIA oil processing plant after flying 1,500 kilometers.

Bank of England Governor Bailey: There will be two more inflation data releases before the June decision.