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 BRIEF: Brazil CenBank Faces Greater Uncertainty - Campos

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

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

EZ/UK T-Bill Calendar: 3/6-Month ATB Auction on Tuesday

EZ/UK Bond Supply Calendar: EU, FI Synds; IT, DE Auctions Tues

MNI: CANADA MAR INDUSTRIAL PRICES +0.8% MOM; EX-ENERGY +0.8%

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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BMO's Ian Lyngen said "main takeaway from...>

US VIEW
US VIEW: BMO's Ian Lyngen said "main takeaway from the FOMC decision" was "Fed
will continue to hike despite the lack of inflation, admittedly an old story.
Very little was changed in the statement, although there were 2 dissents (first
time since Nov 2016, but that was a hawkish dissent).":
- They add "hurricane impacts have faded and the Committee concluded "Averaging
through hurricane-related fluctuations, jobs gains have been solid, and the
unemployment rate declined further. Household spending has been expanding at a
moderate rate, and growth in business investment has picked up in recent
quarters." Language very much in line with the recent statement."
- They added "the two dissents at this meeting were Evans and Kashkari."
- They said in dot-plot, "2017-2019 were unchanged," thus was "very little
follow-through at the front-end of the yield curve. The Fed obviously
incorporated this morning's disappointing core-inflation report into its
decisions and this further points to a willingness to ignore lowflation in favor
of pushing toward future rate-hikes" so this "keeps our flattening bias well in
place and we could see 2s/10s closer to 50 bp as this move runs it course."

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