Central Bank of Russia: The Russian banking industry is expected to have a liquidity deficit in 2024, reaching 0.6-1.4 trillion rubles by the end of the year.

Central Bank of Russia: Most members expect interest rates to start falling in the second half of the year, and some believe an earlier cut may be possible.

Central Bank of Russia: Committee members unanimously believe that not continuing capital control measures will not have a significant impact on the ruble exchange rate.

Central Bank of Russia: Risks of further decline in oil prices remain due to non-OPEC+ production and rising inflationary pressures on the Russian economy.

Central Bank of Russia: The Committee agreed that consumer demand remains high and has just begun to respond to tightening monetary policy.

The Central Bank of Russia: Restoring the inflation rate to the 4% target may require a prolonged period of tightening monetary policy.

Central Bank of Russia: The committee discussed the risk that inflation could remain high for a long time.

Central Bank of Russia: All committee members agreed at the February interest rate meeting that inflationary pressures are gradually easing.

Central Bank of Russia: The committee considered the option of keeping interest rates at 16% or raising them to 17% at its February meeting; ultimately the committee decided to keep interest rates unchanged because a tighter policy could lead to inflation below the target level in 2025.

Fed Governor Bowman reiterated the need for "significant revisions" to the capital plan.

Fed Governor Bowman: Inflation is expected to decline further while policy rates remain stable, but there is upward pressure on inflation risks.

Spot gold fell below $2,030 per ounce and turned lower during the day.

Dutch semiconductor equipment manufacturer ASM International (ASMI): Global wafer fab equipment (WFE) market conditions are expected to become weaker in the first half of 2024.

Cécile Ratcliffe, Chief Country Business Leader of Citigroup (CN): Citigroup now has more than 400 employees in Paris; Paris’ talent pool has promoted the group’s expansion in France.

JPMorgan Chase (JPM.N): JPMorgan now has more than 900 employees in Paris.

Emmanuel Goldstein, head of France at Morgan Stanley (MS.N): The size of Morgan Stanley’s Paris staff has tripled since Brexit.

Spot palladium fell 2.00% during the day and is currently at $940.46 per ounce.

White House: The United States will not send troops to Ukraine.

U.S. Federal Trade Commission (FTC) Chairman Lina Khan: Improving algorithms cannot be at the expense of privacy.

US President Biden: The consequences of inaction on Ukraine and Israel will be serious.