MNI BRIEF: BOE Rate Cut Closer But Still Some Way Off - Pill

MNI China Daily Summary: Tuesday, April 23

RPT-MNI INTERVIEW: Kaplan Says Loose Fiscal Is Holding Up Cut

MNI BRIEF: Hungary Central Bank Cuts To 7.75% As Expected

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

MNI: PBOC Sets Yuan Parity Higher At 7.1059 Tues; -5.03% Y/Y

US Treasury Auction Calendar

EZ/UK Bond Supply Calendar: UK, GR Synd; DE Auction Wednesday

EZ/UK Bond Supply Calendar: UK, GR Synd; DE Auction Wednesday

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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EU Supports India’s Call To Phase Down All Fossil Fuels

ENERGY

The European Union supports demands by India to phase down fossil-fuel consumption as part of a COP27 deal if it does not weaken previous agreements on reducing coal consumption, EU climate policy Chief Frans Timmermans said.

  • "We are in support of any call to phase down all fossil fuels”, Timmermans said.
  • "But we also have to make sure that this call does not diminish the earlier agreements we had on phasing down coal, so if it comes on top of what we already agreed in Glasgow, then the EU will support in this proposal”, he added.
  • India asked countries to agree to phase down all fossil fuels, rather than only to phase down coal-fired generation that was agreed at Cop26.
  • The latest Cop27 provisional deal document does not refer to fossil fuels.
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