MNI China Daily Summary: Wednesday, March 13

MNI BRIEF: China Macro Policy To Strengthen Investment Focus

MNI: PBOC Drains Net CNY7 Bln Via OMO Weds; Rates Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.0930 Weds; -3.82% Y/Y

CHINA PBOC INJECTS CNY3 BILLION VIA 7-DAY REVERSE REPOS WEDS

CHINA SETS YUAN CENTRAL PARITY AT 7.0930 WEDS VS 7.0963

US Treasury Auction Calendar

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

Bond Supply Calendar: EU Synd W/C 18-Mar; SK, BE, BoE APF Ops Monday

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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Economic Sentiment Falls To Lowest Level Since April 2021 Over Growing Uncertainty Over Covid

CZECHIA
  • Slightly expanded pandemic measures take effect on Monday to tackle the Czech Republic's exponential surge in Covid-19 inflections. Respirator masks become mandatory at all workplaces and indoor events (BBG).
  • The growing concerns over new restrictions in the near term have led to a decrease in business and economic sentiment, with economic sentiment indicator falling to its lowest level since April 2021.
  • Last week, CNB policymaker Holub said in an interview that he was supporting bigger rate hikes following the aggressive 75bps rate increase in September.
  • USDCZK ticks higher this morning, currently trading above the 22 level; ST resistance to watch on the topside stands at 22.09. On the downside, first support stands at 21.88, followed by 21.82.
  • Czech 10Y yield has been retracing higher this month, currently trading slightly below the 2.60% level; next resistance to watch stands at 2.74%. On the downside, first support stands at 2.50%, followed by 2.40%.
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