MNI China Daily Summary: Thursday, April 22

MNI BRIEF: China To Quicken Resolving Local Debt Risks

RPT-MNI INTERVIEW: ECB's Wunsch Sees At Least Two Cuts By Dec

MNI: PBOC Conducts CNY2 Bln Via OMO Mon; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS MON

MNI: PBOC Sets Yuan Parity Lower At 7.1043 Mon; -4.74% Y/Y

NBH Data Watch

INDON Sov Curve Flatter, Trade Surplus Soars, BI Decision Wednesday

MNI: BAKER HUGHES US RIG COUNT 619; OIL RIGS 511; GAS RIGS 106

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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Government Plans To Cut Lowest Income Tax To 12% from July 1

POLAND
  • Last week, PM Morawiecki said at a conference that Polish government will reduce the lowest personal income tax to 12% (from 17%) to offset the elevated ‘inflation costs’. The tax is planned to be introduced from July 1.
  • NBP member Litwiniuk mentioned last week that the central bank may be nearing the end of its tightening cycle even though he sees inflation peaking at around 17% in Q3.
  • PFR Head Pawel Borys mentioned in a recent interview that the NBP may attempt to stabilize rates at around 5.5%-6%.
  • Poland could be free of its Russian gas dependency by October when a new pipeline into the country is set for completion, according to Shell (BBG).
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