European Central Bank Governing Council member Villeroy: The inflation rate in the euro area is expected to be 2.1% in 2025. This prediction also applies to France.

European Central Bank Governing Council member Villeroy: The European Central Bank will restore the inflation rate to 2% by 2025.

Bundesbank: Inflation rate is expected to be 2.7% in 2024, compared with the previous forecast of 3.1%.

ECB Governing Council member Villeroy: The European Central Bank hopes to convey a message of confidence and patience at its latest meeting.

Bundesbank: German GDP is expected to shrink by 0.1% in 2023, compared with the previous forecast of 0.3%.

ECB Governing Council Member Nagel: Tightening of monetary policy is increasingly effective.

Bundesbank: Germany’s GDP is expected to grow by 0.4% in 2024; the previous forecast was for growth of 1.2%.

Bank of Thailand: Thailand’s foreign exchange reserves fell to US$218.61 billion.

ANZ: Raised its 12-month gold price forecast to $2,200 an ounce from $2,150.

Egyptian pound 1-month non-deliverable forwards fell to a record above 35.

Ofgem: Adjusting price caps will ensure suppliers have the resources to support customers in debt distress.

The Philippines central bank business survey shows that the Philippine inflation rate is expected to reach 6.3% in the first quarter of 2024.

Australian Competition and Consumer Commission: Honda will pay a $6 million fine for misleading consumers about dealer closures.

Gazprom: It will continue to deliver natural gas to Europe through Ukraine, with a delivery volume of 42.4 million cubic meters on Friday.

Hungarian Prime Minister Orban: If the EU wants to revise the budget, then Hungary needs to get the EU funds it deserves.

Chairman of the Russian Parliament’s Energy Committee: It will be difficult for Russia to replace the lost EU natural gas market soon. Russia’s natural gas production is expected to drop to 642 billion cubic meters in 2023.

Bank of Korea: If necessary, it will consider increasing the amount of foreign exchange swaps.

According to the Islamic Republic News Agency (IRNA): An attack on police officers occurred in Sistan and Baluchestan Province, Iran, killing 12 people.

ECB Governing Council member Robert Mueller: Wage growth poses upward risk to inflation.