MNI China Daily Summary: Thursday, June 20

NORGES BANK HEAD: EITHER HIKE OR EARLIER CUT POSSIBLE

NORGES BANK HEAD SEES POLICY RATE AT 4.5% TO END YEAR

MNI: PBOC Net Injects CNY18 Bln Via OMO Thu; Rates Unchanged

CHINA PBOC CONDUCTS CNY20 BILLION VIA 7-DAY REVERSE REPOS THU

MNI: PBOC Sets Yuan Parity Higher At 7.1192 Thu; -1.93% Y/Y

IFO Upwardly Revises 2024 Growth Forecast by 0.2pp to +0.4% Y/Y

NOK Little Changed Ahead of Norges Bank; Hold In Rates Expected

Intermediate Goods Deflation Continues to Fade in May PPI

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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Europe Needs More LNG To East Tight Market: Uniper

LNG

Europe needs additional LNG to ease the gas market as the continent moves on from the 2022 gas crisis, its CEO Michael Lewis told Bloomberg.

  • “Until significantly more LNG volumes come onto the market, there is going to be a tight situation,” Lewis said.
  • The EU Commission said Nov. 30 that sizeable amounts of LNG will continue to be within Europe’s energy mix until 2050, with further US LNG supplies expected to be exported to the continent from 2026.
  • Regarding the signing of long-term LNG supply contracts with states like Qatar, “We have to make judgments on what the right contracts should be, but we are constantly assessing supply and demand balance,” Lewis said.
Energy BulletsCommodities
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