MNI China Daily Summary: Friday, July 19

MNI BRIEF: China To Boost Consumer Spending, New Industries

MNI BRIEF: China Enhances Fiscal Response To Boost Economy

MNI BRIEF: China To Promote Migrates' Rights, Reform Hukou System

MNI: PBOC Net Injects CNY57 Bln Via OMO Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1315 Fri; -0.52% Y/Y

Intermediate PPI Deflation Continues To Fade in June

MNI: GERMANY JUNE PPI  +0.2 % M/M (+0.1% FCAST, 0.0% PRIOR)

Disappointing data but no market reaction

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

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

BoC Preview - June 2020: BOC HOLDING THE LOWER BOUND

MNI (London)

MNI Point of View:

The Bank of Canada is widely expected to keep its target rate on hold at 0.25% Wednesday as BoC governor Stephen Poloz passes the baton to Tiff Macklem. There will be no media lock-up or briefing; no Monetary Policy Report (next release July 15).

  • Base Case: Steady as she goes as many view the state of the Canadian economy less downbeat after the country started staggered openings around mid-May as virus cases leveled out.
  • Dovish: Break (zero) only in case of emergency -- a move to zero bound an option of last resort, analysts widely see any additional easing to come in the form of QE, credit and/or liquidity enhancing measures.
  • Hawkish: Raising rates still not an option for the foreseeable future. While the rise in COVID-19 virus cases may have moderated, too many unknowns remain with no vaccine available.

MNI_BOC_Preview_June_2020.pdf

Central Bank PreviewMarketsBoC - PreviewCentral Bank Reports
Central Bank PreviewMarketsBoC - PreviewCentral Bank Reports

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.