MNI EM China Daily Summary: Monday, March 25

MNI BRIEF: China Expands Austrian Pork Import Scope

MNI BRIEF: China To Boost Consumption With Lower Mortgage Rate

MNI NBH WATCH: 75bp Cut Base Case As Rows Hit Risk Appetite

MNI: PBOC Injects Net CNY40 Bln Via OMO Mon; Rates Unchanged

CHINA PBOC INJECTS CNY50 BILLION VIA 7-DAY REVERSE REPOS MON

US Treasury Auction Calendar

EZ/UK Bond Supply Calendar: Netherlands, UK, Germany Due Tuesday

Feb YTD Tax Revenue Slightly Behind Schedule; Weak VAT Receipts

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

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

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

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Biden To Deliver Remarks On Student Loan Debt Forgiveness

US

President Biden is shortly due to deliver remarks on his student loan debt relief plan at Delaware State University.

  • Livestream: https://www.youtube.com/watch?v=2ZKuLtNBAQE&featur...
  • yesterday, Supreme Court Justice Amy Coney Barrett declined to halt the policy and a legal challenge to the plan, brought by Republican officials in Nebraska, Missouri, Arkansas, Iowa, Kansas and South Carolina, was blocked by a federal judge.
  • White House Press Secretary Karine Jean-Pierre commented on Republican efforts to block the plan: “There are opponents out there who are trying to take away what we’re trying to do, what the President is trying to do for the middle class.”
  • More than 12 million Americans have already applied for loan forgiveness since the Biden administration opened a website where loanees can request up to USD$20,000 of debt relief.
  • The plan may be a vote winner at the midterm ballot box next month. According to YouGov, 48% or voters support the measure against 34% who oppose. Democrat will be hoping that the plan can activate young voters who lean Democrat but often fail to vote.
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