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

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Macklem: Some Tiny Little Green Shoots In Last Couple CPI Prints

CANADA
  • Ahead of CPI for October on Wednesday, BoC Gov Macklem noted in media Q&A that he sees “some tiny little green shoots” in the last couple CPI numbers as 3-month rates of core inflation came down.
  • However, they’re still too high at 4% and “we know those month-to-month numbers are very volatile so we’re looking to see further, more sustained declines”.
  • Rates guidance for the Dec 12 meeting was open – "could do another bigger than normal step or revert to a more normal 25bp steps".
  • Latest comments came after the early bond market early close, with 2YY -27bp, 5YY -29bp and 10YY -26bp after the US CPI downside surprise. USDCAD sits -1.1% on the day at 1.3373 as CAD underperforms other crosses due to its proximity to the US.
HomepageBulletMarketsFixed Income BulletsForeign Exchange Bullets Bank of Canada Market News

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.