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The 40-year Japanese government bond yield rose 18 basis points to 3.505% during the day.The onshore RMB closed at 7.1693 against the U.S. dollar at 16:30 on July 14, up 17 points from the previous trading day.UBS: The ECB is expected to cut interest rates by 25 basis points in September, compared with the previous forecast of a rate cut in July.July 14, according to the British "Times", the Governor of the Bank of England said that if there are signs of a clear slowdown in the job market, the Bank of England is ready to cut interest rates more significantly. Bailey said there was "consistent" evidence that companies "adjusted employment" after Chancellor of the Exchequer Reeves raised employers national insurance contributions. He said that Britains economic growth lags behind its potential, creating "idle space" that will help reduce inflation. Bailey emphasized that the payroll tax increase in April had a significant impact on corporate layoffs, forcing companies to cut pay increases to cope with cost pressures. He said that companies are "responding by adjusting employment scale, working hours, and implementing pay increases that are lower than those without the tax increase." Bailey admitted that after the June rate cut, some people called for a faster rate cut. He said: "I do believe that the interest rate path is downward, but we continue to use the term gradual and cautious because some people say to me, Why do you cut interest rates when inflation is above target?"Hong Kongs Hang Seng Index closed at 24,203.32 points on July 14 (Monday), up 63.75 points, or 0.26%; Hong Kongs Hang Seng Technology Index closed at 5,283.5 points on July 14 (Monday), up 35.02 points, or 0.67%; the CSI 300 Index closed at 8,732.74 points on July 14 (Monday), up 45.18 points, or 0.52%; and the H-share Index closed at 4,205.54 points on July 14 (Monday), up 28.95 points, or 0.69%.