Bank of England Governor Bailey said bond-market tightening has bought the Bank of England time.

Central China Energy Regulatory Bureau and the Sichuan Energy Regulatory Office jointly convened a meeting on construction of supporting power sources for the Yahu and Jinyong HVDC transmission projects. Sichuan Provincial Energy Bureau and hydropower developers Yalong River Basin Hydropower Development Co. and Huadian Jinsha River Upper Hydropower Development Co. attended. The meeting said the Yahu and Jinyong DC projects are key components of the national West‑to‑East electricity transmission strategy and important for optimizing national power flows and enhancing cross‑regional dispatch capacity. Participants were instructed to coordinate and accelerate construction of supporting generation: power producers must assume primary responsibility for project delivery; industry authorities must strengthen overall coordination and secure necessary inputs; regulators must set up tracking and supervision mechanisms and implement requirements from the national power‑flow optimization layout promotion meeting.

市场消息：巴基斯坦政府将于6月5日提交预算。