MNI China Daily Summary: Thursday, April 22

MNI BRIEF: China To Quicken Resolving Local Debt Risks

RPT-MNI INTERVIEW: ECB's Wunsch Sees At Least Two Cuts By Dec

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

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

MNI: PBOC Sets Yuan Parity Lower At 7.1043 Mon; -4.74% Y/Y

NBH Data Watch

INDON Sov Curve Flatter, Trade Surplus Soars, BI Decision Wednesday

MNI: BAKER HUGHES US RIG COUNT 619; OIL RIGS 511; GAS RIGS 106

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

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Heath Warns of Inflationary Inertia

MEXICO
  • Late yesterday, Banxico's Heath warned that prices are rising at a "phenomenal" pace and the pace of price rises may not peak until the end of 2021 or early 2022. Such a price rise requires an appropriate response by policy makers, according to Heath, who added that there's an inflationary inertia that's "worrying". Heath voted with the majority to raise rates to 4.75% at the most recent meeting.
  • Unrest at the Dos Bocas refinery continues, with the site now being guarded by Mexican troops after the situation turned violent late yesterday. The yet-to-be-completed refinery would be Mexico's largest and is a particular focus for AMLO's energy reform plans. The site would process up to 340,000bpd when up and running.
  • Banxico minutes are the highlight of the session, scheduled at 9am local time (1500BST/1000ET). The minutes will capture the last split rate decision at which the board were split in voting for a rate rise to 4.75%. The Deputy Governor Esquivel voted against the decision.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
EM BulletHomepagemarkets-real-timeBulletEmerging Market News

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.