MNI China Daily Summary: Monday, April 15

MNI: China CFETS Yuan Index Up 0.22% In Week of Apr 12

MNI: PBOC Sets Yuan Parity Higher At 7.0979 Mon; -4.90% Y/Y

MNI China Press Digest April 15: A-Shares, Exports, Property

MNI: PBOC Conducts CNY100 Bln MLF Mon; Rates Unchanged

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

MNI: EUROZONE FEB IP +0.8% M/M, -6.4% Y/Y

IP M/M Improvement Broadbased Although Y/Y Remains Weak

EZ/UK T-Bill Calendar: Germany, Netherlands, France Due Monday

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

MNI BRIEF: 'Fiscal Dominance Concerns' Not BOE Policy Driver

(MNI) London
(MNI) London

Silvana Tenreyro, Bank of England Monetary Policy Committee member, rejected the suggestion that "fiscal dominance," worrying about driving up government borrowing costs, lay behind policymakers' reluctance to tighten policy despite inflation surging. Speaking at King's College Business School event Tenreyro said that both fiscal and monetary policy were responding to the same shock when Covid hit and they moved in same direction which gave the impression blurred lines.

She said that she did not expect quantitative tightening, with the Bank set to come up with a framework for gilt sales in August, would have much economic impact as QE had largely worked by tackling liquidity shortages, which are not present now.

MNI London Bureau | +44 203-586-2223 | david.robinson@marketnews.com
Bank of EnglandCentral Bank NewsPolicy NewsStoryCEEMEABank Of England (BOE) Market NewsBriefUKPolicy StoryRegion
True
MNI London Bureau | +44 203-586-2223 | david.robinson@marketnews.com
Bank of EnglandCentral Bank NewsPolicy NewsStoryCEEMEABank Of England (BOE) Market NewsBriefUKPolicy StoryRegion
True

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.