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CHINA SETS YUAN CENTRAL PARITY AT 7.1048 WEDS VS 7.1059

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MNI China Daily Summary: Tuesday, April 23

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MNI:AUSTRALIA Q1 CPI +0.9% Q/Q

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Orban Repeats That Russian Sanctions Should be Removed by Year-End

HUNGARY
  • In comments cited by Nemzet, PM Orban has called for Russian sanctions to be repealed by the EU for the end of 2022. The PM argues that Russian sanctions have impacted European more meaningfully than Russia via higher inflation and energy bills.
  • Current account data this morning showed the deficit widening to EUR 2.63bln from a revised EUR 2.47bln. The data was poorer than expected, with markets forecasting a narrower deficit of EUR 1.98bln.
  • Unemployment rate data came in worse than expected, at 3.6% vs. Exp. 3.5%. Meanwhile the one-week deposit rate was kept unchanged at 11.75%, as expected.
  • CB Governor Matolcsy is due to speak at a bank conference later today, while the Hungarian foreign minister meets with Russia’s Lavrov.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
EM BulletHomepagemarkets-real-timeBulletEmerging Market News

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