Market sources said Morgan Stanley's private credit fund has set a 5% redemption limit.

June 23 — At the Kremlin, President Putin accused Western states of inflating the Russian military threat, saying they openly discuss preparing to go to war with Russia and are boosting military budgets and offensive capabilities to justify large defense spending and aggressive militarization. He said Russia is prepared to respond rapidly and appropriately to any external or internal threat, and warned that while Western states have not yet launched actions from their territories against Russia, they understand such moves would trigger retaliatory strikes.

Bank of England policymaker Taylor said if more easing room materializes as envisaged in the Bank's “A” scenario, policymakers may ultimately need to cut rates swiftly and could even take the Bank Rate below neutral for a period.