MNI: POWELL SAYS PCE INFLATION CAME IN LINE WITH EXPECTATIONS

MNI China Daily Summary: Friday, March 29

MNI: PBOC Injects Net CNY148 Bln Via OMO Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.0950 Fri; -4.70% Y/Y

CHINA PBOC INJECTS CNY150 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.0950 FRI VS 7.0948

MNI: US FEB PERSONAL INCOME +0.3%; NOM PCE +0.8%

HICP Tracking at 2.4%Y/Y - One tenth below consensus

HICP 2 tenths softer than expected, but partly on clothing prices

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

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Net Assets Grow For 1st Week In 4

ECB

ECB net asset purchases came in at +E3.1bln last week, following three consecutive weekly contractions.

  • PEPP net assets rose by E0.3bln, the first rise since mid-October, including E3.1bln of redemptions. PSPP redemptions were a relatively small E1.1bln, leaving net purchases at E2.3bln.
  • Each of the Covered Bond, CSPP, and ABS portfolios grew modestly, with very limited redemptions.
  • Net assets in the monetary policy securities portfolios stand at E4.942trn, down just E18bln from the end of net asset purchases in July.
  • There won't be further progress in winding down the balance sheet until QT begins - ECB's de Cos said last week that a start date may be announced at the December meeting (which is in line with current sell-side thinking).
ECB Net Asset Purchases W/EPSPP Cov BdCSPPABSPEPPTOTAL
23-Sep-225.50.30.7-0.4-1.94.2
30-Sep-22-3.40.20.1-0.1-3.6-6.9
7-Oct-221.10.9-0.20.3-1.50.6
14-Oct-224.50.30.10.04.89.7
21-Oct-220.40.20.5-0.2-3.2-2.4
28-Oct-22-4.20.7-0.20.3-0.1-3.6
4-Nov-22-5.40.70.1-0.1-0.1-4.8
11-Nov-222.30.30.10.00.33.1
Fixed Income BulletsHomepageBulletMarketsEmerging Markets NewsForeign Exchange BulletsEuropean Central Bank (ECB) Market News

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