Bank of England Deputy Governor Ramsden: Inflation risks have emerged this year.

Ramsden, deputy governor of the Bank of England: The rate hike reflects the clarification of inflation risks.

Bank of England Governor Bailey: Unlike other factors, wage growth has not softened.

Bank of England Governor Bailey: The key question is how confident we are in wage demand (falling back) after inflation expectations have fallen.

Bank of England Deputy Governor Ramsden: The direction of interest rates depends on the evidence of inflation.

Broadbent, deputy governor of the Bank of England: The latest Bank of England decision has not had a huge impact on the two-year market rate, which is crucial for mortgage loans.

Short-dated UK bonds extended their gains, with the 2-year yield falling 10 basis points to 4.89%.

BoE Governor Bailey: Expectations for economic activity have weakened since May.

Bank of England Governor Bailey: Sustained strong rise in service prices may suggest that inflation will remain high.

Bailey, Governor of the Bank of England: Relative to May, more risks we have seen have materialized.

Bank of England Governor Bailey: We have to balance two-way risks.

Bank of England Governor Bailey: If high inflation persists, monetary policy needs to be tightened further.

Bank of England Governor Bailey: There are multiple paths to bring inflation back to target.

Bank of England Governor Bailey: Will act to adjust interest rates based on data results.

Bank of England Governor Bailey: Evidence is clear that higher bank rates are having an impact.

Bank of England Governor Bailey: I will not comment on the direction of Bank of England interest rates.

U.S. Democratic Senator Manchin: We welcome the message from Fitch Ratings that we want the U.S. to rectify its finances. This is the "warning shot" issued by Fitch.

[Job data company Challenger: Layoffs are affected by artificial intelligence] Challenger tracked another 60 layoffs caused by artificial intelligence in July, after a company announced layoffs to strengthen the development of artificial intelligence. So far this year, the company has tracked 3,967 AI-induced layoffs. Senior Vice President Andy Challenger said: "AI has the potential to revolutionize nearly every workplace. Those who are familiar with this technology will be incredibly valuable in the future."