ECB Governing Council Nagel: We need to make sure the inflation wave is over.

European Central Bank Governing Council Nagel: At present, it seems that the interest rate of the European Central Bank needs to be further raised.

German Finance Minister Lindner: G7 countries are discussing how to make supply chains more resilient.

German Finance Minister Lindner: The common framework needs further development.

German Finance Minister Lindner: We need to pay attention to the risks of non-bank institutions.

German Finance Minister Lindner: I hope the United States can resolve the debt impasse.

German Finance Minister Lindner: I hope the United States will make a mature decision on the current situation.

German Finance Minister Lindner: I am concerned about protectionism and the fragmentation of world trade.

German Finance Minister Lindner: The global economic situation is better than expected.

German Finance Minister Lindner: The global economic outlook is fragile.

UBS CEO: We have considered buying Credit Suisse several times in the past.

UBS CEO: Since the financial crisis, we have been looking to achieve growth through mergers and acquisitions.

ECB Governing Council Nagel: In any ECB climate-related measures, price stability must be key.

European Central Bank Governing Council Nagel: Issues about climate change (agreement) cannot be allowed to affect the credibility of the European Central Bank.

The Istanbul Stock Exchange banking index rose 5.9 percent, its fifth straight day of gains.

Market news: U.S. Treasury Secretary Yellen and German Finance Minister Lindner discussed sanctions against Russia and global energy issues.

[Financial website Forexlive commented on the UK’s first-quarter GDP data] The released data basically met expectations, although the monthly data for March was lower than expected. That still points to fairly flat growth in the UK economy, but at least not yet suggesting a recession is on the horizon. That said, as we move into the second quarter, we need to note that the outlook is similar at best.

British Chancellor of the Exchequer Hunt: We will continue to work until we get the job done and have the high-wage, high-growth economy we need.