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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BOC: BOC Instant Answers

BOC

Following are the instant answers from the Bank of Canada's rate meeting Wednesday. 

  • Overnight Rate Target (level): 4.5%
  • Does the Bank reiterate it expects to hold rates at the current level if the economy evolves about as expected? YES
  • Does the Bank reiterate it’s prepared to raise interest rates further if needed to return inflation to the 2% target? YES
  • Does the Bank of Canada say it will likely need to raise interest rates? NO 
  • Does the Bank remove the phrase saying that it will likely keep interest rates on hold? NO
  • Does the Bank signal it could lower interest rates? NO
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