MNI China Daily Summary: Thursday, March 13

MNI BRIEF: China Has Been In Communication With U.S. On Trade

MNI BRIEF: China To Enhance Customs Clearance

MNI INTERVIEW2: Policy Lag Justifies Faster CNB Easing - Holub

MNI BRIEF: China Consumer Satisfaction Up

MNI: PBOC Net Drains CNY68.6 Bln via OMO Thursday

EZ/UK Bond Supply Calendar: SlovGB Auction Monday

US EIA:NAT GAS STORAGE -62 BCF TO 1,698 BCF MAR 07 WK

MNI: US FEB FINAL DEMAND PPI +0.0%, EX FOOD, ENERGY -0.1%

GERMANY: Union/SPD Migration Alignment After Turmoil Threatened Debt Deal (BILD)

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

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TURKEY: CBRT Governor Vows to Do “Whatever It Takes” to Meet Year-End CPI Target

TURKEY
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  • Speaking in an interview with Anadolu Ajansi, CBRT Governor Fatih Karahan vowed to take all necessary steps to meet the year-end inflation target of 24%. "We will do whatever it takes," he said, adding that the Bank will not allow demand conditions to impair the disinflation path. On inflation, he noted that “Currently, we evaluate that the fall in inflation is driven by the decline in the underlying trend with the support of tight monetary policy, rather than by base effects.”
  • According to Ekonomi, business leaders are calling on the government to adjust the upper revenue limit which defines small- and medium-sized companies. They say the current limit of TRY500m set in May 2023 remains very low due to inflation, meaning they can’t benefit from various government support schemes.
  • The CBRT will publish a summary of its rate-setting meeting held on March 6 at 11:00GMT/14:00 local time. Our review of that meeting can be found here.
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  • Speaking in an interview with Anadolu Ajansi, CBRT Governor Fatih Karahan vowed to take all necessary steps to meet the year-end inflation target of 24%. "We will do whatever it takes," he said, adding that the Bank will not allow demand conditions to impair the disinflation path. On inflation, he noted that “Currently, we evaluate that the fall in inflation is driven by the decline in the underlying trend with the support of tight monetary policy, rather than by base effects.”
  • According to Ekonomi, business leaders are calling on the government to adjust the upper revenue limit which defines small- and medium-sized companies. They say the current limit of TRY500m set in May 2023 remains very low due to inflation, meaning they can’t benefit from various government support schemes.
  • The CBRT will publish a summary of its rate-setting meeting held on March 6 at 11:00GMT/14:00 local time. Our review of that meeting can be found here.