The Bank of Kenya expects inflation to return to the target range in August-September.

Market news: Monetary Authority of Singapore and Singapore Exchange to work with Climate Data Steering Committee.

Bank of England member Dingella: still concerned about the impact of food inflation.

Bank of England member Dingella: According to the sharp decline in producer price inflation, there are some hopeful signals that the UK CPI should slow down.

Bank of England member Dingella: Grocery inflation is not driven by "greedy inflation".

Bank of England member Dingella: No "runaway profit inflation" seen.

Bank of England member Dingella: import cost pressures, wage inflation slowing down.

Bank of England member Teng Leiluo: If the impact of worsening terms of trade on real income is strong, this may lead to lower aggregate demand, which will automatically reduce the persistence and inflation impact of energy shocks.

Bank of England member Teng Leiluo: In the case of second-round effects, ignoring energy shocks may no longer be the best choice.

Bank of England member Teng Leiluo: Excessive inflation in the short term may inevitably lead to inflation below the target in the medium term. Therefore, for a central bank with a symmetrical and forward-looking inflation target, shortening the period of excess inflation may not be the best option.

Bank of England member Dingella: We can be reassured by the broad-based decline in PPI.

Bank of England member Teng Leiluo: Although inflation expectations play an important role in economic models and policy thinking, our understanding of the formation of expectations and their impact on price behavior and activity is still limited.

Bank of England member Teng Leiluo: If a series of negative supply shocks causes inflation to exceed the target for a longer period of time, stricter policies may be needed to deal with the runaway inflation expectations or their inertia.

Bank of England member Dingella: food is the most stubborn area of inflation.

Polish oil and gas company Oren: Obtained further crude oil supply from Norwegian oil fields in the North Sea. The agreement signed with British Petroleum stipulates that it will provide a total of more than 6 million tons of raw material supply within the validity period.

Bank of England member Teng Leiluo: If the central bank wants to meet the inflation target within six months after the shock, it needs to tighten monetary policy quickly and vigorously when the shock occurs.

Bank of England member Teng Leiluo: If the central bank tries to counteract the shock by tightening monetary policy, since the effect of monetary policy takes a while to peak, this may lead to more inflation volatility, rather than less, which makes it possible to reach a peak in the medium term. Inflation targeting has become more difficult.

Bank of England member Dingella: The PPI of the service industry has also begun to stabilize and decline.

Bank of England member Dingella: There is a broad co-movement between producer prices and consumer price indices, but the relationship is not as tight as we would like.