MNI China Daily Summary: Monday, April 1

MNI BRIEF: Caixin Mar Manufacturing PMI Hits One-Year High

MNI BRIEF: China To Support Belt&Road Green Finance -Ma Jun

MNI: PBOC Sets Yuan Parity Lower At 7.0938 Mon; -4.78% Y/Y

MNI: PBOC Drains Net CNY48 Bln Via OMO Mon; Rates Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS MON

BOJ MAR TANKAN: SMALL MFG INDEX -1; DEC +2; MEDIAN -1

BOJ JUN TANKAN LARGE MFG INDEX FORECAST AT +10

MNI BOJ MAR TANKAN LARGE MFG INDEX +11; DEC +13; MEDIAN +10

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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CBRT Minutes: Overall, Slightly More Cautious Rhetoric from the CBRT

TURKEY
  • MPC highlights strong external demand factors and a more robust recovery signalled by recent high-frequency data aligned with the vaccine rollout
  • Sees inflation as volatile in the near-term - and sounds relatively cautious instead of focusing on the recent downside surprises, but did say the tightness of policy had begun to be observed
  • Notes improvements in the seasonally adjusted current acc balance and tourism based upside in the pipeline, but cited a slightly milder decceleration in credit growth- Reiterated pledge to keep rates above inflation with a focus on medium-term targets
  • Little reaction in TRY assets thus far, similar to the meeting itself, which was essentially a non-event on the day for markets
  • LINK: https://www.tcmb.gov.tr/wps/wcm/connect/EN/TCMB+EN/Main+Menu/Announcements/Press+Releases/2021/ANO2021-26
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
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MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
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