MNI China Daily Summary: Thursday, April 22

MNI BRIEF: China To Quicken Resolving Local Debt Risks

RPT-MNI INTERVIEW: ECB's Wunsch Sees At Least Two Cuts By Dec

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

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

MNI: PBOC Sets Yuan Parity Lower At 7.1043 Mon; -4.74% Y/Y

MNI: CANADA MAR INDUSTRIAL PRICES +0.8% MOM; EX-ENERGY +0.8%

NBH Data Watch

INDON Sov Curve Flatter, Trade Surplus Soars, BI Decision Wednesday

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: UK Chancellor Confirms Bank of England Remit

(MNI) LONDON
(MNI) London

The UK faces many challenges in the inflation fight and the Bank of England will have the wholehearted support of the government as it faces up to the challenge, Chancellor of the Exchequer Jeremy Hunt said Thursday, as he confirmed the central bank's monetary policy remit would be unchanged.

"We need fiscal and monetary policy to work together – and that means the government and the Bank working in lockstep," Hunt said.

The Bank's current monetary policy remit currently sets an "inflation target as 2 per cent as measured by the 12-month increase in the Consumer Prices Index (CPI). The inflation target of 2 per cent is symmetric and applies at all times. This reflects the primacy of price stability and the forward-looking inflation target in the UK monetary policy framework."

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
Bank of EnglandPolicy NewsCentral Bank NewsHomepageAPACChinaCEEMEABank Of England (BOE) Market NewsBriefUKStoryRegion
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MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
Bank of EnglandPolicy NewsCentral Bank NewsHomepageAPACChinaCEEMEABank Of England (BOE) Market NewsBriefUKStoryRegion
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