18:44:17
Bank of England Governor Bailey: There is a trade-off between fighting inflation and promoting economic growth.
18:44:04
Bank of England Governor Bailey: If we try to reduce inflation to the target level faster by raising interest rates now, it will bring the inflation rate below the target level.
18:42:53
The U.S. dollar fell below 1.37 against the Canadian dollar USD/CAD, down 0.18% on the day.
18:42:32
IEA head of oil markets: Global inventories are low, which means if there are surprises on the demand or supply side, you run the risk of increased volatility.
18:42:17
Head of oil markets at the International Energy Agency: We are currently in a deficit and all inventories are declining rapidly.
18:42:07
Head of Oil Markets at the International Energy Agency: Even if OPEC+ oil production cuts are extended to 2024, we still expect a slight surplus in the global market.
18:40:45
Bank of England Deputy Governor Lumsden: Fiscal policy will provide less support to the British economy.
18:36:51
Bank of England Governor Bailey: When we set interest rates, we fully take into account the impact of quantitative tightening.
18:34:11
Bank of England Governor Bailey: Quantitative tightening will have a very small impact on yields, probably only 10-15 basis points.
18:32:50
Bank of England Deputy Governor Ramsden: Household and business surveys are consistent with stable inflation expectations.
18:27:05
Bank of England Governor Bailey: The market underestimates the risk of stubborn inflation.
18:17:40
Bank of England Governor Bailey: Inflation will end the year slightly lower than we expected, but the gap will not be too large.
18:17:16
Bank of England Governor Bailey: We will see the second round of effects subside by then.
18:16:56
Bank of England Governor Bailey: Food inflation will fall further in the first quarter.
18:16:32
Bank of England Governor Bailey: Inflation news is basically in line with our expectations.
18:16:20
Bank of England Governor Bailey: The latest drop in inflation is good news.
18:05:00
Bank of England Governor Bailey will give evidence in parliament in ten minutes.
18:02:31
The Indian rupee closed at a record low of 83.3550 against the US dollar.
17:55:58
According to the Lebanese National News Agency: Two journalists and another person were killed on the border between Israel and Lebanon.
17:36:34
European Council President Michel arrives in Ukraine.