MNI China Daily Summary: Thursday, April 25

MNI BRIEF: China Opposes Accusations Of Overcapacity - MofCom

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

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

MNI: PBOC Sets Yuan Parity Higher At 7.1058 Thurs; -4.80% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1058 THURS VS 7.1048

CBI Reported Retail Sales At Cycle Lows

MNI: UK CBI APR DIST TRADE REPORTED SALES -44

France Manufacturing Sentiment Reverses Year-To-Date Gains

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: ECB "Will Have A Lot More Data" By June - Lagarde

(MNI) LONDON
(MNI) London

ECB President Lagarde says Governing Council will have more data to discuss by April, but far more data in June.

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The European Central Bank will have more information available to it in April as it considers a potential shift in policy, but it there is a "broad agreement that we will have a lot more data available in June," ECB President Christine Lagarde said on Thursday.

The current data is "directionally good", but more is needed to ensure durability, Lagarde said, adding that policymakers did not necessarily have to wait until inflation hits 2% "to take a decision."

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The European Central Bank will have more information available to it in April as it considers a potential shift in policy, but it there is a "broad agreement that we will have a lot more data available in June," ECB President Christine Lagarde said on Thursday.

The current data is "directionally good", but more is needed to ensure durability, Lagarde said, adding that policymakers did not necessarily have to wait until inflation hits 2% "to take a decision."

Keep reading...Show less