MNI China Daily Summary: Thursday, March 13

MNI BRIEF: China Has Been In Communication With U.S. On Trade

MNI BRIEF: China To Enhance Customs Clearance

MNI BRIEF: China Consumer Satisfaction Up

MNI: PBOC Net Drains CNY68.6 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1728 Thurs; -0.64% Y/Y

MNI: EUROZONE JAN IP +0.8% M/M, +0% Y/Y

MNI: SWEDEN FINAL FEB CPIF +2.9% Y/Y

MNI: US FEB TREASURY BUDGET -$307.0B

GERMANY: Union/SPD Migration Alignment After Turmoil Threatened Debt Deal (BILD)

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

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BOE: Bailey points to future rate moves should be based on econ fundamentals

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Bank of EnglandCentral Bank NewsCEEMEABulletUKMarketsFixed Income BulletsForeign Exchange Bullets
  • Bailey refuses to draw on more on Mann's rationale for voting for a 50bp cut stating that she "will, I'm sure, be speaking in the near future, and will explain her position in much more detail."
  • "But I will come back to this. I think it's important to focus so much. It was a 7-2 vote... I would, I would just be very, very clear that the position of the majority of the committee, which of course, eventually decides the outcome at any meeting, was conditioned on that, and I would not, therefore over interpret any other moves in voting patterns."
  • "I think it's important that the view on the future path of interest rates comes is based on the sort of economic fundamentals. I mean, that's what really determines it. And there, I'd come back to those points that we made in the report there, we think the path of disinflation remains in place very much as we had it back in November. There will be a bump in the road, but we don't think that bump is going to have a long lasting effect. And there is a lot of uncertainty coming... the degree to which the path of activity is going to be supply or demand driven, and that really is going to be that you think, what's going to shape this, how that sort of shakes down, is going to be the thing that really, really influences it
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  • Bailey refuses to draw on more on Mann's rationale for voting for a 50bp cut stating that she "will, I'm sure, be speaking in the near future, and will explain her position in much more detail."
  • "But I will come back to this. I think it's important to focus so much. It was a 7-2 vote... I would, I would just be very, very clear that the position of the majority of the committee, which of course, eventually decides the outcome at any meeting, was conditioned on that, and I would not, therefore over interpret any other moves in voting patterns."
  • "I think it's important that the view on the future path of interest rates comes is based on the sort of economic fundamentals. I mean, that's what really determines it. And there, I'd come back to those points that we made in the report there, we think the path of disinflation remains in place very much as we had it back in November. There will be a bump in the road, but we don't think that bump is going to have a long lasting effect. And there is a lot of uncertainty coming... the degree to which the path of activity is going to be supply or demand driven, and that really is going to be that you think, what's going to shape this, how that sort of shakes down, is going to be the thing that really, really influences it