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MNI: PBOC Sets Yuan Parity Higher At 7.1046 Fri; -5.03% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1046 FRI VS 7.1020

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MNI China Daily Summary: Thursday, April 18

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JAPAN MARCH SERVICES PRICES +2.1% Y/Y; FEB +2.2%

MNI JAPAN MARCH CORE CPI +2.6% Y/Y; FEB +2.8%

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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Analyst Views 4/5 (Hakwish to Dovish)

BOE
BNP25bp hikes in Sep22, Nov22 and Dec22 to terminal 2.50% but debate will be between 25bp and 50bp hikes (rather than hike or no hike).
RBC"Due to a combination of the weakening growth outlook and changing personal on the Committee... the MPC will revert to 25bps moves at subsequent meetings."
DaiwaMaintain forecast that Bank Rate will end the year at 2.50%.
Bank of AmericaExpect 25bp hikes in Sep22 and Nov22 but "the risks now skew to 50bp moves". Further 25bp hikes in Feb23 and May23 on fiscal stimulus. Bank Rate at 2.75% before 3Q24 cut.
TD SecuritiesExpect 25bp hikes in Sep22 and Nov22. "The tone of the hike was fairly downbeat, and little direction was provided for upcoming policy changes." Expect 50bp of cuts in 2024.
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