MNI BRIEF: Japan Govt Keeps Econ View, Cuts Exports

MNI: PBOC Conducts CNY200 Bln via MLF Thurs; Rate Cut

MNI: PBOC Sets Yuan Parity Lower At 7.1321 Thurs; -1.92% Y/Y

CHINA PBOC CONDUCTS CNY235.1 BILLION VIA 7-DAY REVERSE REPOS THURS

CHINA SETS YUAN CENTRAL PARITY AT 7.1321 THURS VS 7.1358

MNI China Daily Summary: Wednesday, July 24

France Manufacturing Sentiment Lowest Since Dec 2020

MNI: FRANCE JUL MANUF SENTIMENT AT 95

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

CPI Preview: March Release

CANADA
  • Headline CPI is seen falling nine tenths to 4.3% Y/Y in March, with an unusually tight range of 4.1-4.5% compared to typical analyst surveys.
  • It comes on base effects with the 0.5/0.6% expected increase comparing with a very strong 1.4% M/M from Mar’22, part of the BoC’s forecast of getting inflation to 3% by the summer after which progress is likely to be much slower.
  • Core measures: Median and trim measures are expected to dip 0.4pps to an average 4.45% Y/Y, ramping up the pace of moderation after last month’s in line 0.2pp decline, whilst we also watch the more traditional CPI ex food & energy after it eased a tenth to 4.84% Y/Y in Feb.
  • As always, whilst performance relative to consensus is more easily seen in the Y/Y figures, we will watch M/M developments most closely for latest trends compared to the Bank's 2% inflation target figures are more easily compared, with recent run rates closer to 3.5% annualized.
HomepageCanada Bank of Canada Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.