ECB's Lagarde: unlikely to go back to environment of low inflation

tweet at 9:10am: FED'S POWELL: JOB IS TO FIND PRICE STABILITY EVEN DURING NEW FORCES OF INFLATION. tweet at 9:11am: FED'S POWELL: SINCE THE PANDEMIC, FORCES DRIVING THE ECONOMY ARE VERY DIFFERENT. tweet at 9:11am: *POWELL: DON'T KNOW YET IF WE'LL RETURN TO PRE-PANDEMIC ECONOMY tweet at 9:15am: FED'S POWELL: THE REVERSAL OF GLOBALISATION COULD MEAN LOWER GROWTH IN PLACES. tweet at 9:15am: POWELL SAYS HOPE GROWTH CAN REMAIN POSITIVE

tweet at 9:14am: BOE'S BAILEY: TASK IS TO RETURN TO LOW INFLATION tweet at 9:26am: BOE GOV. BAILEY: WE'RE BEING HIT BY A VERY LARGE REAL INCOME SHOCK. tweet at 9:27am: BOE GOV. BAILEY: SHOCK IS VERY SUBSTANTIAL AND WILL HIT DEMAND. tweet at 9:27am: BOE Governor Bailey: When asked about 50bps hikes - If We See Greater Persistence Of Inflation, We Will Have To Act More Forcefully Situation Leaves "Options On The Table" tweet at 9:28am: BOE'S BAILEY: RATE RISES `NOT THE ONLY THING ON THE TABLE'