Czech Finance Minister: 2025 fiscal deficit will be 1.2% of GDP.

[BoE: The UK is expected to avoid a recession, with a record GDP revision] The Bank of England raised its key interest rate by 25 basis points to 4.5%, in line with expectations. Inflation is easing more slowly than expected, and longer-lasting price pressures will require further tightening of monetary policy. By mid-2026, the actual size of the UK economy will be 2.25% larger than forecast in February. It was the biggest upward revision to growth forecasts since the bank gained independence in 1997.

Bank of England: Based on market rates, rates are expected to be 4.8% in Q4 2023 (4.4% expected in February), 4% in Q4 2024 (3.7% expected in February), and 3.7% in Q4 2025 % (3.4% expected in February).

UK 10-year gilt yields fell 2 basis points to 3.781%.

Bank of England: Monetary policy report shows higher path for CPI rise.

The three-month U.S. dollar LIBOR fell 2.2 basis points, the biggest drop since March 24.

European Central Bank Governing Council Hernandez De Cos: Interest rates are still the main monetary policy tool.

Chief of Staff of Hungarian Prime Minister Orban: It is too early to determine whether additional budgetary measures will be needed to control the budget deficit in 2023.

European Central Bank Governing Council Hernandez de Kos: The impact of bank turmoil on funding costs remains uncertain.

Investment bank Lazard: Assets under management were US$234.6 billion, down 0.9% year-on-year.

Market news: Saudi Arabia and the Netherlands signed a memorandum of understanding to cooperate in the development of green energy and hydrogen energy technologies.

Sources: Saudi Aramco sees slowdown in progress on IPO planned by its trading arm.

Italian firefighters: One injured, no dead in Milan blast

Czech government: Agree to gradually increase the retirement age.

Commerzbank: If the Bank of England does not meet expectations, the pound will slow again soon.

According to CNN: The White House says it will not consider the Inflation Cutting Act in debt negotiations.

Kremlin: No decision yet to nationalize assets of Finnish state-owned energy company Fortum.

Brazilian Finance Minister Haddad: President Lula will go to the G7 meeting and also deal with the debt issue with Argentina.