MNI: POWELL SAYS PCE INFLATION CAME IN LINE WITH EXPECTATIONS

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: 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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Leaders To Approve Looser State Aid Rules To Counter US IRA-Draft Conclusion

EU

Reuters reporting that at the 9-10 Feb special EUCO summit, EU leaders are set to approve a plan to loosen state aid rules in order to help green industries in the bloc counter competition from outside, notably the US following the implementation of the Inflation Reduction Act there, according to a draft conclusion from the EU.

  • Draft conclusion states that leaders are to ask the European Commission to 'work on the flexible deployment of existing EU funds for strategic industry sectors.'MNI reported last weekthat the Commission's plans would likely have to use existing funds, rather than issuing new joint borrowing.
  • Draft conclusion: 'EU leaders ask Commission, EU finance ministers to work on new funds, using EU employment scheme of joint borrowing to pass on cheap loans as basis.'
  • Draft conslucion: "EU leaders ask for Commission proposal on European sovereignty fund, linked to European Investment Bank, to support green investment."
  • Draft conclusion: "EU leaders to call for simpler procedures, fast-track permitting, better public procurement rules for green investment."
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