MNI China Daily Summary: Friday, April 26

MNI BRIEF: China, US Should Strengthen Dialogue, Cooperation

MNI BRIEF: SNB Framework Reform 'Playing With Fire' - Steiner

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

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

MNI: PBOC Sets Yuan Parity Lower At 7.1056 Fri; -4.56% Y/Y

MNI: BAKER HUGHES US RIG COUNT 613; OIL RIGS 506; GAS RIGS 105

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL APR INDEX 77.2

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

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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MNI BRIEF: Can't Anticipate ECB Decisions Beyond July –De Cos

(MNI) ROME
(MNI) Rome

It is not possible to anticipate the European Central Bank's September policy decision now, especially after recent PMI data surprised to the downside and could signal lower growth, Bank of Spain’s Governor Pablo Hernandez de Cos said on Friday.

The PMIs numbers stress the need for a data dependent approach, noting inflation risks are balanced while growth risks are tilted to the downside, Hernandez de Cos said at an event in Santander.

De Cos added that the ECB still has “some ground to cover” and pointed out that the transmission of monetary tightening could be “higher than had been anticipated in the projections” due to its speed and intensity. The war in Ukraine and the appearance of second round effects are the other two sources of uncertainty, he said.

MNI Rome Bureau | +34-672-478-840 | santi.pinol.ext@marketnews.com
Central Bank NewsBank of SpainPolicy NewsHomepageEuropean Central BankCEEMEAEurozoneEuropean Central Bank (ECB) Market NewsSpainStoryRegion
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MNI Rome Bureau | +34-672-478-840 | santi.pinol.ext@marketnews.com
Central Bank NewsBank of SpainPolicy NewsHomepageEuropean Central BankCEEMEAEurozoneEuropean Central Bank (ECB) Market NewsSpainStoryRegion
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