MNI China Daily Summary: Thursday, March 28

MNI BRIEF: China Steel Demand Low In Q1

MNI BRIEF: China Sovereign Fund Continues To Purchase ETFs

MNI INTERVIEW: Central Bank Credibility To Be Tested In 2024

MNI BRIEF: Foreign Firms Needed For New Productive Force Drive

MNI BRIEF: China Should Address Overcapacity

Acceleration In Both Belgian and Portuguese Flash HICP

Waning Consumer Confidence Follows Downgrades To Consumption Forecasts

Unexpected Retail Sales Drop Poses Downside Risks To Q1 Growth

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

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BofA: More Focus On Fiscal Risks, Uncertainty Regarding The External Context

BRAZIL
  • BofA expect the Copom (Monetary Policy Committee) to maintain the Selic Rate at 13.75% in its December meeting. The lagged effects of the monetary tightening cycle and the convergence of expectations closer to the upper band of the target for the relevant horizon for the BCB (mainly 2024) support BofA’s view that BCB's next move will be a cut, but only next year.
  • The main message should remain the same from the last two meetings, pointing that rates will remain at the current level for longer, with more focus on the fiscal risks and on the uncertainty regarding the external context.
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