Australiamonetary

Andrew Balls, chief investment officer for global fixed income at Pacific Investment Management Co., says the Federal Reserve will "probably" keep rates on hold this year. Speaking on Bloomberg Television, he also discusses the outlook for Treasury yields.

Federal Reserve Chairman Kevin Warsh said, "The members of our committee have no tolerance for persistently elevated inflation," as part of testimony he's scheduled to deliver to the House Financial Services Committee on Tuesday morning. Michael McKee reports on Bloomberg Television.

Bank of England Governor Andrew Bailey warned that the fallout from an artificial intelligence stocks bubble bursting would reach the UK economy and could prompt a response in interest rates. He made the comments during a testimony before Parliament's Treasury Committee.

South African Reserve Bank Governor Lesetja Kganyago discusses the outlook for inflation and monetary policy. He talks with Bloomberg's Francine Lacqua at the ECB Forum on Central Banking in Sintra, Portugal.

European Central Bank Governing Council member Olli Rehn said the conflict in the Middle East is stoking inflation while weighing on economic expansion. Rehn spoke with Francine Lacqua on Tuesday in Sintra, Portugal.

Bob Michele, global head of fixed income at JPMorgan Asset Management, explains the factors he sees leading the Federal Reserve to raise interest rates "once or twice" next year, but not engage in a "dramatic hiking cycle."

Bill Dudley, former New York Fed President and Bloomberg Opinion columnist, says streamlining the Federal Open Market Committee's policy statement is appropriate, but Federal Reserve Chairman Kevin Warsh needs to make changes with greater care than he has shown to date. Dudley says Warsh may risk confusing markets and the central bank itself. His opinions are his own.

Bank of England Governor Andrew Bailey tells broadcasters energy prices remain above pre-war levels and that the the central bank needs to assess "how much damage has been done to the infrastructure for supplying energy" in the Middle East. "I think holding is the right position to be in at the moment." Bailey speaks in an interview following the BOE's decision to keep interest rates at 3.75% in a 7-2 vote.

The Bank of England held interest rates at 3.75% as it said the recent fall in oil prices was "encouraging," even while two policymakers voted for an immediate quarter-point hike over concerns of persistent inflation. Bloomberg's Lizzy Burden reports.

Traders piled into betting on interest-rate hikes as soon as next month after Federal Reserve Chairman Kevin Warsh clear the central bank won't tolerate high inflation. The hawkish message was driven home by the projections of individual Fed members. Bloomberg's Alister Bull reports.