MNI China Daily Summary: Monday, June 17

MNI BRIEF: China To Retaliate Against EU Pork Products

MNI BRIEF: China Consumption Can Continue Acceleration - NBS

MNI: PBOC Conducts CNY182 Bln Via 1Y MLF Mon; Rates Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1149 Mon; -1.41% Y/Y

CHINA PBOC CONDUCTS CNY4 BILLION VIA 7-DAY REVERSE REPOS MON

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

EZ/UK T-Bill Calendar: 6-Month ESM-Bill Auction on Tuesday

Empire Survey Shows Improving Manufacturing Optimism At End-Q2

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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Pill says don't have to wait until inflation fully back to 2% persistently to cut

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Do we have to wait until we're back to 2% sustainably? Don't think so - just need to have sufficient confidence that inflation is evolving in line with the 2% target. Crucial thing is managing the relationship between inflation going down, the persistence of inflation in focus, alongside the restrictiveness of policy.- That might seem abstract, evading a specific number. But there are uncertainties.- My reason for erring on side of caution is that risks have been greater for persistence in the past.
(But he doesn't say that is or isn't still the case).

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Do we have to wait until we're back to 2% sustainably? Don't think so - just need to have sufficient confidence that inflation is evolving in line with the 2% target. Crucial thing is managing the relationship between inflation going down, the persistence of inflation in focus, alongside the restrictiveness of policy.- That might seem abstract, evading a specific number. But there are uncertainties.- My reason for erring on side of caution is that risks have been greater for persistence in the past.
(But he doesn't say that is or isn't still the case).