Bank of England Chief Economist Peel: The inflation outlook is moving in a "more favorable" direction.

Peel, chief economist of the Bank of England: The latest Bank of England policy reflects the persistence of inflation risks.

Peel, chief economist of the Bank of England: more work may need to be done to curb inflation.

Bank of England Chief Economist Peel: Expect to see a sharp drop in inflation.

Bank of England chief economist Peel: Inflation is still too high.

U.S. Senate Majority Leader Schumer: Republicans must "avoid default issues."

RBC: Raises Saudi Aramco target price to SAR 34 from SAR 33.

U.S. Senate Majority Leader Schumer: Staff will continue meeting on debt ceiling negotiations.

State Oil Company of Azerbaijan (SOCAR): Refining capacity of STAR refinery in Turkey is expected to reach 12 million tons in 2023, compared to 11.3 million tons in 2022.

Market news: The Central Bank of Zimbabwe has issued a gold-backed digital currency worth 14 billion Zimbabwe.

Tata Motors: Jaguar Land Rover expects chip supply to gradually improve.

Market news: Mitsubishi UFJ Bank plans to issue AT1 bonds on May 26.

Riksbank Deputy Governor Jansson: If we get off track in dealing with inflation, then I am willing to reconsider the monetary policy stance.

Jansson, deputy governor of the Riksbank: Inflation needs to return to the target level by 2024.

Riksbank Deputy Governor Jansson: I could have considered a bigger rate hike in April.

Jansson, deputy governor of the Riksbank: However, problems often start locally and can spread rapidly, so we must remain vigilant.

Jansson, Deputy Governor of the Riksbank: The current monetary policy is tight.

Russian Ministry of Defense: The Ukrainian army launched 26 offensives in the direction of Soledad, involving more than 1,000 soldiers and as many as 40 tanks.

Russian Ministry of Defense: Ukrainian troops launched offensive operations in the entire direction of Soledad yesterday.