20:43:43
Bank of England Governor Bailey: Second-round effects on prices will take longer to decline.
20:43:14
Russian Deputy Prime Minister Novak: Any additional decisions may be taken at any time.
20:42:15
Bank of England Governor Bailey: Wage growth is slightly lower than expected in November.
20:41:52
Russian Deputy Prime Minister Novak: Tensions in the Middle East continue to affect the oil market.
20:41:29
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.
20:41:12
Bank of England Governor Bailey: The unemployment rate is expected to rise to 5%, which is higher than the natural level.
20:40:55
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.
20:40:21
Bank of England Governor Bailey: Supply is expected to exceed demand.
20:39:52
Russian Deputy Prime Minister Novak: The OPEC+ Joint Ministerial Monitoring Committee (JMMC) agreed to take further market action if necessary.
20:39:41
Bank of England Governor Bailey: UK economic growth is expected to "accelerate slightly."
20:39:28
Russian Deputy Prime Minister Novak: The current oil market situation is stable.
20:39:22
Russian Deputy Prime Minister Novak: The OPEC+ Joint Ministerial Monitoring Committee (JMMC) agreed to continue to monitor the market and fulfill its commitments.
20:38:45
Bank of England Governor Bailey: Red Sea tensions pose upward risks to inflation.
20:38:40
Bank of England Governor Bailey: Geopolitical risks have intensified.
20:38:34
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.
20:37:59
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.
20:37:30
Bank of England Governor Bailey: How long policy needs to remain restrictive depends on the performance of incoming data.
20:37:16
Bank of England Governor Bailey: We need to keep policy restrictive enough and long enough, no more and no less.
20:37:02
Bank of England Governor Bailey: We need to get the policy balance right.
20:36:54
HSBC: Don’t expect other Gulf OPEC oil producers to follow Saudi Arabia’s decision.