Ramsden, Deputy Governor of the Bank of England: He believes that there are "differences" between the economies of the United Kingdom and the United States and the Eurozone.

Deputy Governor of the Bank of England Ramsden: British service sector inflation is higher than that of the United States and the euro zone.

Bank of England Governor Bailey: We don’t need to see inflation return to the target level before cutting interest rates, we need evidence that inflation is moving towards the target level.

Bank of America: Adjusted forecast for the Fed’s first interest rate cut from March to June.

Bank of England Governor Bailey: I disagree with the view that we have made it easy to hold down wage growth.

According to the Kyiv Independent: Ukrainian military intelligence said they sank a Russian Tarantula-class Ivanovich guided missile frigate of the Black Sea Fleet near Crimea.

Reuters survey: The ruble is expected to trade at 93.5 against the dollar in 12 months, compared with the exchange rate set by the Bank of Russia on January 31 at 89.29 (previous survey expected 100).

Reuters survey: Russia is expected to cut its key interest rate to 12% by the end of 2024 (same as the previous survey).

Bank of England Governor Bailey: We will not maintain our policy stance longer than necessary.

Bank of England Governor Bailey: Inflation rising to around 2.7% is not an acceptable development.

According to Iran Press TV: Hamas leader Ismail Haniyeh is scheduled to attend a meeting in Cairo on Thursday to discuss a six-week ceasefire plan for Gaza proposed by senior officials from Qatar and Egypt.

US President Biden: Will work hard to complete the border bill.

Bank of England Governor Bailey: We hope that falling inflation will affect expectations for the real economy, but we need to see evidence.

Bank of England Governor Bailey: Will not speculate on how long interest rates will remain at 5.25%.

Bank of England Governor Bailey: We have removed the statement that there is an upward bias in the outlook for interest rates.

Bank of England Deputy Governor Ramsden: Service sector inflation will remain at a high level.

[In response to supply shocks, hedge funds are boldly betting on the copper market] Many hedge fund managers are betting that copper stocks are severely undervalued, preparing for a rise this year. Funds including Tribeca Investment Partners, Terra Capital and Anaconda Invest have said supply dynamics will support price gains in 2024. These bullish positions come just months after a supply slump, with major mines running into trouble late last year. Todd Warren, a portfolio manager at Tribeca, said what looked like an obvious oversupply has now turned into a possible undersupply. Transaction prices will be very strong for the foreseeable future, mainly due to supply-side challenges. Terra Capital’s Matthew Langsford believes prices will rise “at least 50%” by the end of 2024.

Bank of England Governor Bailey: We have come a long way, which is good news, but we are not there yet.

Bank of England Governor Bailey: The question facing the Monetary Policy Committee is how long it needs to keep interest rates stable.