MNI BRIEF: BOJ Real Export Index Rises 0.5% Q/Q In Q2

MNI China Press Digest July 18: PBOC, Beijing, Arctic Shipping

MNI: PBOC Net Injects CNY47 Bln Via OMO Thurs; Rates Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1285 Thurs; -1.29% Y/Y

CHINA PBOC CONDUCTS CNY49 BILLION VIA 7-DAY REVERSE REPOS THURS

CHINA SETS YUAN CENTRAL PARITY AT 7.1285 THU VS 7.1318

UK private regular wage growth shows big drop in single month figures

TLFS transition delayed again

MNI: UK JUN CLAIMANT CHG +32300

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

BOC Concerned About Increased Inflationary Risks, Sees Economy Weakening

BOC
  • The Bank is concerned with the upside risks to inflation as oil prices rise and inflation expectations remain elevated.
  • "However, Governing Council is concerned that progress towards price stability is slow and inflationary risks have increased, and is prepared to raise the policy rate further if needed. Governing Council wants to see downward momentum in core inflation."
  • BoC revises 2024 inflation forecast up to +3% from +2.5%. 
  • Growth revised down to +0.9% in 2024 from +1.2%.
  • Inflation is forecast to return to the +2% target around mid 2025.
  • The Bank sees signs that supply and demand are re-balancing. The economy is predicted to move into excess supply in the fourth quarter and throughout most of 2024. 
  • Past interest rate hikes are working through the economy as demand has softened for housing, durable goods, and many services.
Homepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets

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.