MNI China Daily Summary: Friday, June 28

MNI BRIEF: PBOC Pledges to Curb Any Overshoot Of The Yuan: MPC

MNI: PBOC Net Injects CNY40 Bln Via OMO Fri; Rates Unchanged

CHINA PBOC CONDUCTS CNY50 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Lower At 7.1268 Fri; -0.32% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1268 FRI VS 7.1270

Inflation Slowed in June, Shaking Off May Hotel Price Jump

Broad-based Deceleration In June Core Metrics

MNI: ITALY JUN FLASH HICP +0.2% M/M, +0.9% % Y/Y; MAY +0.8% Y/Y

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI BRIEF: BOC Sees More Interest-Rate Cuts If Inflation Moves As Expected

(MNI) OTTAWA
Governor Macklem affirms view given after the Bank cut rates for the first time in four years earlier this month.
Bank of CanadaPolicy NewsHomepageCentral Bank NewsCanadaNorth AmericaBriefGlobalStory

Bank of Canada Governor Tiff Macklem Monday affirmed his view that if inflation continues to make progress as officials expect, more interest-rate cuts are warranted after the first reduction in four years earlier this month.

“How many rate cuts this year? We’re just going to have to see,” he said at a press conference following a speech in Winnipeg, Manitoba. He also affirmed officials are on a meeting-by-meeting approach, as opposed to any planned schedule of cuts, and he's aware that cutting quickly could threaten hard-won inflation relief. (See: MNI INTERVIEW: BOC To Skip Cuts At 2 Of 4 Meets This Year- ATB's Parsons) Statistics Canada reports inflation Tuesday and economists predict a modest further slowing from the last reading, a three-year low of 2.7%.

124 words

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.

Bank of Canada Governor Tiff Macklem Monday affirmed his view that if inflation continues to make progress as officials expect, more interest-rate cuts are warranted after the first reduction in four years earlier this month.

“How many rate cuts this year? We’re just going to have to see,” he said at a press conference following a speech in Winnipeg, Manitoba. He also affirmed officials are on a meeting-by-meeting approach, as opposed to any planned schedule of cuts, and he's aware that cutting quickly could threaten hard-won inflation relief. (See: MNI INTERVIEW: BOC To Skip Cuts At 2 Of 4 Meets This Year- ATB's Parsons) Statistics Canada reports inflation Tuesday and economists predict a modest further slowing from the last reading, a three-year low of 2.7%.