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 MAS Preview - April 2024: On Hold As Growth & Inflation Holding Up

The MAS is likely to hold steady with growth and inflation holding up

Asia Bank - PreviewMonetary Authority of SG - PreviewHomepageEM Central Bank ReportsEM Central Bank PreviewEmerging Market News

EXECUTIVE SUMMARY

  • The MAS is expected to keep all of its major policy parameters unchanged at tomorrow’s April policy meeting. This is the strong sell-side consensus and also our firm bias.
  • Growth and inflation pressures are holding up, which should reduce the need for the central bank to turn more dovish. Q1 growth, released at the same time as the policy outcome, is expected to show y/y momentum improving to 3%.
  • Market expectations appear to be in line with a steady hand at tomorrow's meeting, with SGD NEER elevated within the policy band, but not threatening the top end.
  • Full preview:

    • MAS Preview - April 2024.pdf



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EXECUTIVE SUMMARY

  • The MAS is expected to keep all of its major policy parameters unchanged at tomorrow’s April policy meeting. This is the strong sell-side consensus and also our firm bias.
  • Growth and inflation pressures are holding up, which should reduce the need for the central bank to turn more dovish. Q1 growth, released at the same time as the policy outcome, is expected to show y/y momentum improving to 3%.
  • Market expectations appear to be in line with a steady hand at tomorrow's meeting, with SGD NEER elevated within the policy band, but not threatening the top end.
  • Full preview:

    • MAS Preview - April 2024.pdf