MNI China Daily Summary: Tuesday, April 30

MNI BRIEF: China To Keep Tackling Risks In Real Estate, Debts

MNI BRIEF: China Politburo Flags Policy Support; 3rd Plenum In July

MNI WATCH: CNB Seen Cutting 50Bps to 5.25%, Signal Slower Pace

MNI BRIEF: Caixin Apr Manufacturing PMI Hits Over One-year High

MNI BRIEF: China April Mfg. PMI Moderates To 50.4

Strong Q1 GDP Print Consistent With Survey Outperformance

GDP Bounces On Construction / Exports; Weaker End-2023 On Revisions

MNI: ITALY APR FLASH HICP +0.6% M/M, +1% Y/Y

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: UK Inflation To Hit 2.0% Target In 2025 - OBR

(MNI) London
(MNI) London

Chancellor of the Exchequer Jeremy Hunt told parliament Wednesday that the official fiscal forecasts show inflation returning to the 2% target in 2025 after factoring in the latest fiscal measures.

Headline inflation will fall to 2.8% by the end of 2024, before falling to the 2% target in 2025 on the Office for Budget Responsibility forecasts, Hunt said, which appears a little softer than the most recent Bank of England forecast, which had it at 3.1% in 2024 and 1.9% by end 2025. The Bank of England had forecast inflation to be 2.1% by the end of 2025 in the November forecast round, that was without sight of the government's lastest fiscal plans..

Hunt, in his Autumn Statement, also announced that benefits in the next fiscal year would be raised in line with the September inflation outturn of 6.7% rathther than the lower October figure that had been speculated about in some media reports.

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