Bank of England Governor Bailey: The Bank of England is independent and apolitical.

The main contract of coking coal expanded to 2.23% during the day and is now at 1836.50 yuan/ton.

The U.S. 10-year Treasury yield fell by 10 basis points on the day.

Bank of England Governor Bailey: Wages are more flexible than expected.

Santos, head of consumer lending at Wells Fargo: Used car prices are holding up very well.

Bank of England Governor Bailey: The latest outlook shows demand is not strong enough.

Santos, head of consumer lending at Wells Fargo: U.S. consumers "remain strong."

Broadbent, Deputy Governor of the Bank of England: There is clearly a risk of overtightening, but there are risks in both directions.

Analyst Kristine Aquino: Here are the market’s expectations for the Bank of England’s interest rate trends in 2024. Traders are now fully pricing in an initial 25 basis point rate cut in the third quarter of next year, followed by quite significant cuts later. This is the flip side of long-term high interest rates - the longer rates stay at their peak, the faster they are likely to fall.

The Baltic Dry Index fell 1.14% to 1,385 points.

[Agency: The Bank of England seems to be fighting back on hopes of a rate cut] Ed Hutchings, director of interest rates at Aviva Investors, said in a report that expectations for a rate cut by the Bank of England in 2024 have not changed, but the magnitude is close to 75 basis points. The Bank of England seems keen to fight back against market expectations for a rate cut. of excessive expectations. He said: “Since the lagging effects of past interest rate hikes have not yet been transmitted to the economy, weaker economic growth should be expected in the future.” This will support the pound to a large extent, but the trend of British government bond yields in the short term is still uncertain. unclear. "In the medium term, however, with economic growth weakening and past rate hikes yet to bear fruit, we are close to completing rate hikes, which will ultimately be supportive of gilts."

Broadbent, Deputy Governor of the Bank of England: A more pessimistic view on the supply side of the economy.

The South African rand rose more than 1% against the US dollar.

The yield on British two-year government bonds continued to fall, with the intraday decline extending to 11 basis points to 4.68%, the lowest level since June.

Bank of England Governor Bailey: There are now some signs that economic growth is starting to slow down, which is to be expected.

Bank of England Governor Bailey: He will not use the word "worth the price" when it comes to lowering inflation.

Bank of England Governor Bailey: If British inflation persists, it will cause more serious pain.