MNI China Daily Summary: Friday, April 19

MNI BRIEF: China Hog Market More Balanced In Q2 - Ministry

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

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

MNI: PBOC Sets Yuan Parity Higher At 7.1046 Fri; -5.03% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1046 FRI VS 7.1020

EZ/UK Bond Supply Calendar: EU, UK Synd W/C 22 Apr, BoE APF Mon

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

INE Business Confidence Data Supports Upward Revisions In Q1 GDP Forecasts

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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Core PCE Cooling Confirmed, Lowest Savings Ratio Since 2013

DATA REACT
  • Core PCE inflation ends up as expected at +0.29% M/M in March with the downward revisions to Jan (-0.02) and Feb (-0.07) bearing the brunt.
  • This leaves core PCE inflation running unchanged at +0.29% M/M for the second month running, having cooled from four consecutive months of fractionally under 0.5% M/M through Oct-Jan.
  • Strong personal spending (+1.1% M/M) and softer income growth (+0.5% M/M, still above consensus) sees the personal savings ratio step down further to 6.2%, the lowest since Dec’13.
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