BoE Governor Bailey: There may be too many small pension funds in the UK.

Bank of England Governor Bailey: We must stimulate risk-taking in the investment sector.

Bank of England Governor Bailey: There is a big problem with bank deposits because the public is questioning whether their wealth is protected.

African Development Bank: Africa needs green energy plans to address climate finance gap.

The Central Bank of Nigeria raised interest rates by 50 basis points to 18.5%, in line with expectations.

Bank of England Governor Bailey: A clear 2% inflation target is helpful for us.

BoE Governor Bailey: May forecast reflects persistence of inflation.

Bank of England Governor Bailey: We cannot rely too much on forecasting mechanisms.

Bailey, Governor of the Bank of England: In view of the huge shock to the global economy, it is not an era that is conducive to predicting the economic outlook.

Bank of England Governor Bailey: We are watching the data to determine future interest rate decisions.

Bank of England Governor Bailey: About a third of interest rate hikes have now affected the economy.

Bank of England Governor Bailey: The problem we have is that inflation is very sticky.

Spot gold fell by US$5 in the short term and is now at US$1976.49 per ounce.

Bank of England Governor Bailey: Inflation expectations are falling.

McCarthy, Speaker of the US House of Representatives: I talked with White House negotiators today.

NATO Secretary-General Jens Stoltenberg: Not ready for Ukraine to join NATO in conflict.

McCarthy, Speaker of the US House of Representatives: There has been no dialogue with Biden since Monday.

McCarthy, Speaker of the US House of Representatives: Negotiators will meet this morning.