Macro important news and events:
The Kremlin pointed out that reports of significant progress in Ukraine's negotiations were "wrong", and a clear agreement with Ukraine could quickly end the crisis. Spokesman Peskov said that the Russian delegation was ready for 24-hour negotiations, but Kiev was not so enthusiastic. The Ukrainian foreign minister said that Ukraine was ready to continue diplomatic efforts to stop Russia's military operations.
The Bank of England raised interest rates by 25 basis points to the pre epidemic level of 0.75%, in line with market expectations. The central bank expects inflation to be "about 8% in the second quarter" and may rise thereafter.
The final value of CPI in the euro zone in February recorded an annual rate of 5.9%, continuing to reach a record high. European Central Bank Management Committee nott said that it did not rule out the possibility of raising interest rates twice this year. European central bank executive Schnabel said that only when there are signs that medium - and long-term inflation expectations deviate from the target, there is reason for a stronger policy response. European Central Bank President Lagarde reiterated that the adjustment of interest rates in the future will be gradual.
