MNI China Daily Summary: Thursday, April 22

MNI BRIEF: China To Quicken Resolving Local Debt Risks

RPT-MNI INTERVIEW: ECB's Wunsch Sees At Least Two Cuts By Dec

MNI BRIEF: Brazil CenBank Faces Greater Uncertainty - Campos

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

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

EZ/UK T-Bill Calendar: 3/6-Month ATB Auction on Tuesday

EZ/UK Bond Supply Calendar: EU, FI Synds; IT, DE Auctions Tues

MNI: CANADA MAR INDUSTRIAL PRICES +0.8% MOM; EX-ENERGY +0.8%

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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Lula Steps Up Rhetoric On Interest Rate Cuts, Fiscal Framework In Focus

BRAZIL
  • Central Bank President Roberto Campos Neto has to think about how to reduce country’s interest rate, President Luiz Inacio Lula da Silva said during an interview with BandNews radio on Thursday. Lula stated that the country “cannot be hostage to a single man”. USDBRL not phased by the developments at the open, tracking around 0.25% lower from Thursday’s close.
  • The President travels to Rondonópolis city, in Mato Grosso state. He has public events at 10:30am and at 11am. President travels to Sao Paulo at 12:30pm, all local time.
  • Finance Minister, Fernando Haddad, will is expected to conclude the proposal for Brazil’s new fiscal framework this week. It is still not clear if Haddad will reveal the plan today or if a press conference will be held another day.
  • Data due today at 1300GMT/0800ET:
    • Feb. S&P Global Brazil Composite PM, prior 49.9
    • Feb. S&P Global Brazil Services PMI, prior 50.7
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