MNI BRIEF: BOJ May Real Export Index Drops 1.4% M/M

MNI BRIEF: PBOC, MOF To Promote Treasury Trades Progressively

MNI: PBOC Net Injects CNY276 Bln Via OMO Weds; Rates Unchanged

CHINA PBOC CONDUCTS CNY278 BILLION VIA 7-DAY REVERSE REPOS WEDS

MNI: PBOC Sets Yuan Parity Higher At 7.1159 Weds; -1.39% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1159 WEDS VS 7.1148

Volatile LFS Unemployment Rate Below Consensus In May

7-2 vote increasingly likely; more clarity only likely post-election

Services CPI sees broad-based stickiness; FAT and NEIG softer than exp

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

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Bank of Japan, China PBoC Headlines Dominate Overnight Newsflow

EMERGING MARKETS
  • JAPAN: The Bank of Japan board on Tuesday decided to keep its yield curve control and negative interest rate policy as a virtuous cycle between wages and prices has not strengthened sufficiently to achieve the bank’s 2% target. “If the virtuous cycle strengthens and if the BOJ can be confident of the 2% price target, the Bank will examine whether it is appropriate for the BOJ to continue with easy policy, including the negative interest rate policy,” Governor Ueda told reporters.
  • CHINA: MNI (Beijing) - The People’s Bank of China could reduce its policy rates as soon as late Q1 or early Q2 should the economy continue to struggle, however, its recent injection of 7-day repo has lowered the likelihood of a reserve requirement ratio cut before Chinese New Year, economists and analysts told MNI.
  • GLOBAL: The US and UK launched more airstrikes against the Houthis in Yemen on Monday, the latest salvo in an effort to stop the Iran-backed group’s attacks on ships in the Red Sea. Monday night’s moves marked the eighth round of allied attacks on the Houthis since the first on Jan. 12.
  • EL Niño: Sea surface temperatures in the central tropical Pacific have peaked and are now declining, according to a climate update from Australia’s Bureau of Meteorology. A return to neutral El Niño–Southern Oscillation (ENSO) levels is expected in the southern hemisphere autumn 2024. - BBG
BulletEM BulletEmerging Market NewsHomepageBank of Japan (BOJ) Market News
BulletEM BulletEmerging Market NewsHomepageBank of Japan (BOJ) Market News

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.