MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: PBOC Sets Yuan Parity Lower At 7.1270 Fri; -0.95% Y/Y

CHINA PBOC CONDUCTS CNY358.05 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1270 FRI VS 7.1321

MNI BRIEF: Treasury's Yellen: Inflation Moving To Fed's Target

MNI BRIEF: China State Planner To Increase Trade-in Support

Japan Tokyo Jul Core CPI +2.2% Y/Y

MNI BRIEF: Japan July Tokyo Core CPI Rises 2.2% Vs. June's 2.1%

MNI JAPAN JULY TOKYO CORE CPI +2.2% Y/Y; JUNE +2.1%

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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MNI RBNZ Review - April 2022: Stitch In Time

EXECUTIVE SUMMARY

  • The RBNZ raised the OCR by 50bp on Wednesday, delivering its biggest rate hike in more than two decades. Consensus had been looking for a 25bp rate rise, diverging from market pricing which favoured an outsized move.
  • The decision was justified as a conclusion of a "least regrets" analysis as the Monetary Policy Committee weighed disturbingly intense inflationary pressures against dampened consumer confidence and elevated economic uncertainty.
  • Despite a bold move in benchmark policy rate, the Committee signalled that it merely front-loaded stimulus withdrawal, without necessarily taking a more aggressive approach to policy tightening.

Click here to view the full review: MNI RBNZ Review April 2022.pdf

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