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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Investigation into FX Scandal Progresses, with President Meeting SARB Deadline

SOUTH AFRICA
  • Ramaphosa has reportedly met the central bank’s deadline for responding to questions about the Phala Phala farm scandal, according to EWN. The reports follow the SARB issuing two extensions to the President as the Bank gather evidence as to whether correct reporting procedures were followed for any foreign currency owned by the President.
  • Investigations continue, with Ramaphosa’s popularity waning amid rolling blackouts and a weakening economy. His run for re-election as leader of the ANC in December would be complicated by any conviction, given his push to bar opponents under criminal investigation from running for party positions.
  • Late yesterday, Eskom confirmed that load-shedding would persist at a rate of 5,000MW until early Saturday – longer than previously expected and going against a claim from the public enterprises minister Gordhan that cuts would ease in the coming days.
  • No major data releases cross Friday, with local markets likely to continue to follow the tumult of the US fixed income market and the ramifications of yesterday’s second-consecutive 75bps rate hike.
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

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