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

EZ/UK Bond Supply Calendar: EU, FI Synds; IT, DE Auctions Tues

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

NBH Data Watch

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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Panel Hands Over Report On Phala Phala Scandal To Parliament, Budget & Trade Data On Tap

SOUTH AFRICA
  • An independent panel appointed by parliament held a briefing on its probe into whether there are grounds for impeaching President Cyril Ramaphosa over his role in the Phala Phala scandal. The panel's report has been handed to the Speaker and will be published later today, with lawmakers set to consider it on December 6. Ruling ANC party's Secretary General Mashatile said that the party's top four leaders will discuss the common stance towards the report this evening. It is unclear if the ANC will protect Ramaphosa in a potential impeachment trial, even as he is expected to be re-elected as party leader at the national conference next month.
  • South Africa's energy regulator Nersa postponed the decision on electricity tariffs for the next two years that was meant to be announced Tuesday. Nersa's member Nhlannhla Gumede said that the decision will be taken by the end of December. The performance of South Africa's energy infrastructure is creating a notable drag on the economy, with the SARB mentioning it as a risk to financial stability in the FSR published yesterday.
  • Coming up on the data front today are South Africa's October trade balance and monthly budget balance.
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