Capital Economics economist Ruth Gregory said in a note that while July or September hikes cannot be ruled out, the Bank of England is likely to keep policy rates unchanged this year. April real GDP contracted, suggesting the strong start to the year is losing momentum and should limit inflationary pressure. Rising energy prices are eroding real household incomes; she expects the economy to stagnate this quarter and next. Services are bearing the main impact from the Iran war, and industrial pro

China vice president Han Zheng met Singapore parliament speaker Xie Jianping in Beijing on June 12. Han said China and Singapore will implement recent leaders' consensus, deepen strategic communication, increase mutual support, expand high‑quality cooperation and people‑to‑people links to advance an all‑round, high‑quality partnership. Both sides agreed to strengthen multilateral coordination, advocate orderly multipolarity and inclusive globalization, and push for a fairer global governance system. Xie reaffirmed Singapore's commitment to the One China policy.

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