MNI BRIEF: BOE Rate Cut Closer But Still Some Way Off - Pill

MNI China Daily Summary: Tuesday, April 23

RPT-MNI INTERVIEW: Kaplan Says Loose Fiscal Is Holding Up Cut

MNI BRIEF: Hungary Central Bank Cuts To 7.75% As Expected

MNI: PBOC Conducts CNY2 Bln Via OMO Tues; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1059 Tues; -5.03% Y/Y

EZ/UK Bond Supply Calendar: UK, GR Synd; DE Auction Wednesday

Tax Revenue Tracking Around E10bln Lower than YTD Forecast (2/2)

Tax Revenue Tracking Around E10bln Lower than YTD Forecast (1/2)

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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BRL Surges Back On Monday, Eyes A Close Below 5.00

BRAZIL
  • BRL the best performer yesterday surging nearly 2% versus Friday's lows. 5.00 remains the key technical/psychological hurdle on a closing basis, a sustained breach may target 4.82 June 2020 lows.
  • The central bank will publish their quarterly inflation report on Thursday before Friday's mid-month IPCA inflation readings.
  • Overnight Brazil's lower house approved the main text of the provisional measure that paves the way for the privatization of state-run power utility Eletrobras, with 258 votes in favour and 136 against, O Globo newspaper reported.
    • Lawmakers will still analyse some changes proposed, according to the media outlet.
    • The Bolsonaro administration expects to raise about 25 billion reais ($5 billion) from the share sale. The proceeds will go to the Treasury to pay for the renewal of concessions for Eletrobras hydroelectric plants and transmission lines.
    • The government will retain a golden share to veto hostile takeovers and other strategic threats.
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