Bank of England Governor Bailey: No central bank has said when it will cut interest rates.

After Bank of England Governor Bailey spoke, the UK 2-year government bond yield fell 7 basis points to 4.543%, the lowest level since February 15.

The euro against the U.S. dollar EUR/USD refreshed its highest level since February 2, now trading at 1.0804.

Bank of England Governor Bailey: We have to walk a narrow path on monetary policy.

Dhingra, Monetary Policy Member of the Bank of England: The British economy faces significant downside risks, and tightening monetary policy will further aggravate this situation.

BoE Monetary Policy Member Dhingra: British consumption remains very weak, unlike other countries that have seen more recovery.

Bank of England member Greene: Wages remain an upside risk.

Bank of England member Greene: Pay attention to inflation persistence indicators.

Reserve Bank of India: Lower core inflation bodes well for the outlook for input costs and sales prices of manufacturing companies.

RBI: Inflation expectations are likely to stabilize and decline, although price pressures in cereals and proteins are likely to re-emerge.

The Reserve Bank of India: The development of inflation situation tends to be favorable; the development of inflation provides a stable environment for enterprises to formulate expansion strategies in the hope of a rebound in demand.

RBI: Our economic activity index forecasts GDP growth of 7% in the fourth quarter of 2023-24.

Bulletin from the Reserve Bank of India: The Indian economy continues to maintain the momentum achieved in the first half of the 2023-24 fiscal year.

Broadbent, Deputy Governor of the Bank of England: The timing of any adjustment can only depend on the actual evolution of economic data.

Bank of England Governor Bailey: There are positive signs of wage and services inflation.

Broadbent, deputy governor of the Bank of England: thinks interest rates may be cut this year.

Bank of England Governor Bailey: We don’t need inflation to return to target before cutting interest rates.

Bank of England Governor Bailey: We are seeing some signs that wage growth is falling in line with lower headline inflation.

Bank of England Governor Bailey: I am looking for more sustained progress to reduce the more persistent elements of inflation.

Broadbent, deputy governor of the Bank of England: Cutting interest rates requires more evidence of falling inflation.