Bank of England Governor Bailey: Rising cost of funding for UK banks after overseas bank failures is short-lived.

Bank of England Governor Bailey: Upside risks to inflation may not materialize.

Bank of England Governor Bailey: Consumer price inflation is expected to halve this year.

Bank of England Governor Bailey: UK household energy spending is expected to fall by 16%.

According to the TASS news agency: The Russian Ministry of Defense stated that Russian paratroopers supported the assault force in operations in the west of Bakhmut.

UK Defense Secretary: We are helping Ukrainians defend their homeland.

Bank of England Governor Bailey: Easing food inflation will take longer than expected.

Bank of England Governor Bailey: I am very aware of the hardship that rising food prices cause for people.

Bank of England Governor Bailey: Expect food inflation to slow.

BoE Governor Bailey: Rising food prices drive inflation.

Bank of England Governor Bailey: The fall in natural gas prices has allowed the Bank of England to improve its economic outlook forecast.

[The drought situation in many parts of France is severe] According to French media news on May 11, since the 10th, three-quarters of the French Eastern Pyrenees province has entered a severe drought alert. In addition, Gard, Var and parts of the Bouches-in-the-Rhône department are also under drought warning. As of now, at least 19 provinces in France are in a state of drought to varying degrees.

Bank of England Governor Bailey: The central bank survey shows that households are more optimistic about their expectations.

Bank of England Governor Bailey: The economy is more resilient than we expected.

Bank of England Governor Bailey: Economic growth outlook has improved slightly, but not strong.

Bank of England Governor Bailey: We expect some degree of stagflation.

Bank of England Governor Bailey: We must remain unwavering in continuing to raise interest rates.