MNI: POWELL SAYS PCE INFLATION CAME IN LINE WITH EXPECTATIONS

MNI China Daily Summary: Friday, March 29

MNI: PBOC Injects Net CNY148 Bln Via OMO Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.0950 Fri; -4.70% Y/Y

CHINA PBOC INJECTS CNY150 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.0950 FRI VS 7.0948

MNI: US FEB PERSONAL INCOME +0.3%; NOM PCE +0.8%

HICP Tracking at 2.4%Y/Y - One tenth below consensus

HICP 2 tenths softer than expected, but partly on clothing prices

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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BULLET: CANADA BOC: Maintains overnight rate target at 1.75%.> 

CANADA BOC: Maintains overnight rate target at 1.75%
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- BOC drops "appropriate" for maintaining interest rate.
- Growth will be weaker and output gap will be wider than BOC October 
projection. 
- Estimation of 2019 4Q growth revised from 1.3% to 0.3%.
- Signals of increased consumer caution, may also alleviate financial 
vulnerabilities. 
- Exports fell, business investment weakened, job creation slowed, and 
consumer spending have been unexpectedly soft in late 2019 and may 
spill into 1Q 2020, BOC said. 
- Strikes, poor weather, and inventory adjustement contribute the most 
to the slowdowns; could be signals for global economic conditions 
affecting Canadian economy. 
- BOC will watch if recent slowdown in growth is persistent.
- Inflation will hold near 2% target, inflation risks roughly balanced.
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