MNI China Daily Summary: Wednesday, April 17

MNI BRIEF: China To Quicken Project Construction - NDRC

MNI BRIEF:ECB Unifies Interest On Non-Monetary Policy Deposits

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

MNI: PBOC Sets Yuan Parity Lower At 7.1025 Weds; -5.39% Y/Y

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

MNI: FOREIGN HOLDINGS OF CANADA SECURITIES -8.8B CAD IN FEB

ECB Underlying Inflation Metrics Support June Cut Consensus

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

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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Inflation Accelerates In January, CNB Unlikely To Cut Rates Before Q3

CZECHIA
  • Czechia's headline consumer inflation accelerated more than forecast to +17.5% Y/Y in January from +15.8% prior (est. +17.1%) amid what the central bank sees as a temporary spike in price pressures. Prices rose 6.0% M/M after a flat reading in December. The CNB will comment on the release at 13:00CET/12:00GMT.
  • Meanwhile, the minutes of the Bank Board's February monetary policy meeting showed that members assessed that inflation should fall to single digits in the second half of the year but most did not expect a decline in interest rates at least until Q3.
  • Finance Minister Zbynek Stanjura told Seznam Zpravy that the time has come to implement austerity measures and the government will need to explain them to the public. He noted that coalition partners are yet to agree on specific steps.
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