Bank of England Deputy Governor Lombardelli said the outcome will ultimately determine whether the Bank Rate needs to be raised.

BofA Securities says China’s AI development is moving from policy vision to commercial reality. The bank notes that, despite gaps in advanced hardware, domestic tech capability and application adoption are rising. Gains in model efficiency and system optimization could enable commercial deployment ahead of full technological self-sufficiency. BofA adds that technological progress and high-profile listings may broaden China’s investable AI universe, creating diversified commercial opportunities for the domestic AI sector and global supply chains.

IMF Executive Board approved a statement of principles governing the Fund's cooperation with external partners.