MNI China Daily Summary: Friday, March 29

MNI: PBOC Injects Net CNY148 Bln Via OMO Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.0950 Fri; -4.70% Y/Y

CHINA PBOC INJECTS CNY150 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.0950 FRI VS 7.0948

MNI BRIEF: Size Of June Cut Still Undecided -BCB's Campos Neto

MNI: US FEB PERSONAL INCOME +0.3%; NOM PCE +0.8%

HICP Tracking at 2.4%Y/Y - One tenth below consensus

HICP 2 tenths softer than expected, but partly on clothing prices

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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House Takes First Vote To Move Forward On Inflation Reduction Act

US

Craig Caplan at CSPAN: "House NOW holding the first votes on the Democrats' tax policy, health care and climate change bill. First a vote to officially close debate on the rule for the bill followed by a vote on the rule itself."

  • As stated in a previous bullet (1440BST bullet), the actual vote on the Inflation Reduction Act - already passed in the Senate - expected at around 1500ET/2000BST.
  • Unlikely to be any drama surrounding today's votes, with The Hill writing "It seems likely the bill could clear the House without a single Democratic defection, whether from the left or center of the party."
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