Bank of England Governor Bailey: Second-round effects on prices will take longer to decline.

Russian Deputy Prime Minister Novak: Any additional decisions may be taken at any time.

Bank of England Governor Bailey: Wage growth is slightly lower than expected in November.

Russian Deputy Prime Minister Novak: Tensions in the Middle East continue to affect the oil market.

Russian Deputy Prime Minister Novak: We see that the U.S. economy is growing, but there is a risk of stagnation in the European economy.

Bank of England Governor Bailey: The unemployment rate is expected to rise to 5%, which is higher than the natural level.

Bank of England Governor Bailey: Two-thirds of the peak impact of high interest rates on the economy has passed, which is more than half of the impact in November last year.

Bank of England Governor Bailey: Supply is expected to exceed demand.

Bank of England Governor Bailey: UK economic growth is expected to "accelerate slightly."

Russian Deputy Prime Minister Novak: The current oil market situation is stable.

Russian Deputy Prime Minister Novak: The OPEC+ Joint Ministerial Monitoring Committee (JMMC) agreed to continue to monitor the market and fulfill its commitments.

Bank of England Governor Bailey: Red Sea tensions pose upward risks to inflation.

Bank of England Governor Bailey: Geopolitical risks have intensified.

HSBC: Another impact of Saudi Arabia’s production capacity decision is that the world will replace Saudi oil with other sources of low cost and low CO2 emissions.

HSBC: Our supply and demand model shows that OPEC does not have enough room to completely cancel production cuts and release new production in the next five years.

Bank of England Governor Bailey: How long policy needs to remain restrictive depends on the performance of incoming data.

Bank of England Governor Bailey: We need to keep policy restrictive enough and long enough, no more and no less.

Bank of England Governor Bailey: We need to get the policy balance right.

HSBC: Don’t expect other Gulf OPEC oil producers to follow Saudi Arabia’s decision.