FED'S DALY SAYS THERE'S NO URGENCY TO CUT RATES

MNI China Daily Summary: Tuesday, April 2

MNI BRIEF: China to Incentivise Equipment Upgrades, Trade-Ins

MNI: PBOC Drains Net CNY148 Bln Via OMO Tues; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.0957 Tues; -4.95% Y/Y

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

Seasonally Adjusted CPI Series: Flat Core Goods, Higher Services

EZ/UK Bond Supply Calendar: Belgian 30Y USD and Bund Auction Weds

MNI: US BLS: JOLTS QUITS RATE 2.2% IN FEB

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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Congress Report Recommends President Castillo Should Face Trial

PERU
  • A Peruvian congressional committee report recommends President Pedro Castillo face a political trial for violating the constitution, along with a five-year ban from holding public office, according to a document published across local media. (Bloomberg)
    • Constitutional accusations committee still has to vote to approve the report for the process to continue in congress.
  • Later on Tuesday, Castillo said in a televised message that there is “a plot between a sector in congress, nation’s prosecutor office and some media to destabilize democracy.”
  • Separately, newly appointed Finance Minister Kurt Burneo met central bank chief Julio Velarde to discuss macroeconomic stability, according to a Finance Ministry statement.
    • Burneo expressed the need to improve coordination between the two institutions amid current challenges the country faces due to external effects.
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