Broadbent, Deputy Governor of the Bank of England: A more pessimistic view on the supply side of the economy.

The South African rand rose more than 1% against the US dollar.

The yield on British two-year government bonds continued to fall, with the intraday decline extending to 11 basis points to 4.68%, the lowest level since June.

Bank of England Governor Bailey: There are now some signs that economic growth is starting to slow down, which is to be expected.

Bank of England Governor Bailey: He will not use the word "worth the price" when it comes to lowering inflation.

Bank of England Governor Bailey: If British inflation persists, it will cause more serious pain.

Bank of England Governor Bailey: We must ensure that inflation falls back to the 2% target level.

Bank of England Governor Bailey: We are making good progress in reducing inflation.

Bank of England Governor Bailey: Events in the Middle East have indeed brought uncertainty and there is a risk of rising energy prices.

Broadbent, Deputy Governor of the Bank of England: Whether GDP growth is slightly negative or slightly positive, it will not affect monetary policy.

Bank of England Governor Bailey: There is still a long way to go in curbing inflation.

The U.S. 30-year Treasury bond yield fell 10 basis points on the day.

Bank of England Governor Bailey: We need to pay close attention to more signs of continued inflation that may lead to the need to raise interest rates again.

Bank of England Governor Bailey: How long the tightening stance needs to continue depends on the performance of upcoming data.

Bank of England Governor Bailey: We must carefully consider the balance of risks between doing too little and doing too much.

Bank of England Governor Bailey: We should not keep monetary policy restrictive for too long.

Bank of England Governor Bailey: Wage growth is "well above" comfortable levels.

Russian Defense Ministry: Nine drones were shot down near nuclear power plants.

Bank of England Governor Bailey: Employment is likely to remain roughly flat in the coming months.