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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BNP Paribas' chief market economist and.....>

US VIEW
US VIEW: BNP Paribas' chief market economist and head of US economics Paul
Mortimer-Lee said the Sept. 20th "FOMC statement and Janet Yellen's speech look
to signal an intention to raise rates if inflation does not again surprise on
the downside." 
- He adds "this is an implicit admission that the Fed is behind the curve
otherwise the FOMC would be more sensitive to the data flow than it appears to
be. Yellen's legacy may be a factor."
- He said "given data uncertainty, we are hanging on to our no change call for
rates in December, but anything other than a soft CPI number in September (out
Oct. 13th) will be the end. There is a real risk of the economy going too far
beyond potential ('overheating' in Yellen's terminology) and the result being a
recession as soft landings are tough to achieve."

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