MNI China Daily Summary: Wednesday, April 17

MNI BRIEF: China To Quicken Project Construction - NDRC

MNI BRIEF:ECB Unifies Interest On Non-Monetary Policy Deposits

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

MNI: PBOC Sets Yuan Parity Lower At 7.1025 Weds; -5.39% Y/Y

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

MNI: US MBA: MARKET COMPOSITE +3.3% SA THRU APR 12 WK

US MBA: REFIS +0.5% SA; PURCH INDEX +5% SA THRU APRIL 12 WK

EZ Final Inflation Confirms Flash, But Services Contribution Up

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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CNB Governor Gets Top-Level Security Clearance, Says Inflation Will Ease In Months Ahead

CZECHIA
  • The National Security Authority (NSA) granted CNB Governor Ales Michl top security clearance for access to top secret classified information, the central bank said in a statement. The official requested a background check when he was tapped to become the central bank chief last year but Czechia's security agency took a long time to complete the needed checks, which exposed Michl to questions over his ability to perform his duties. The Governor refused to comment on his security clearance and said that he wanted to focus on fulfilling his mandate. In a short statement on the CNB's website, Michl observed that "inflation has finally started to decline," which "will continue in the months ahead," on the back of a strong Koruna, high interest rates for longer, and reduced state budget.
  • President Petr Pavel will hold his first foreign visits this week. Traditionally, the first foreign trip of each Czech President is to the neighbouring Slovakia. Pavel arrives in Bratislava today and will stay there until Tuesday, before heading for a two-day visit in Poland on Thursday. In addition, his spokesperson said that Pavel agreed with Ukrainian President Volodymyr Zelensky that he will go to Kyiv at some point in April.
  • CNB's Jan Prochazka will speak at a news conference about banknote and coin counterfeits today, it is unclear if there will be any comments on monetary policy.
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