MNI China Daily Summary: Friday, April 19

MNI BRIEF: China Hog Market More Balanced In Q2 - Ministry

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

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

MNI: PBOC Sets Yuan Parity Higher At 7.1046 Fri; -5.03% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1046 FRI VS 7.1020

INE Business Confidence Data Supports Upward Revisions In Q1 GDP Forecasts

MNI: GERMANY FEB PRODUCER PRICES -2.9% Y/Y

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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ING Say Hungarian Inflation May Have Already Peaked

HUNGARY
  • ING say Hungarian consumer-price growth may have peaked after accelerating +25.7% y/y in January, above expectations of a +25.2% expansion, on rising food prices (+44%) and household energy prices (+52.4%).
  • ING expect inflation to slow “very moderately” in February and March before disinflation gathers pace from April, helped by base effects. However, while inflation may have peaked, a wage-price spiral creates the risk of persistently high cost-pressures that may prompt the central bank to be “patient” in regard to cutting rates.
  • ING forecast average inflation at 18.5% in 2023.
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