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

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

MNI: PBOC Sets Yuan Parity Higher At 7.1058 Thurs; -4.80% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1058 THURS VS 7.1048

MNI China Daily Summary: Wednesday, April 24

MNI BRIEF: China Steel Demand Q2 Limited Rebound

US Treasury Auction Calendar

EZ/UK Bond Supply Calendar: Italy, EU Auctions, BoE APF Monday

US EIA: CRUDE OIL STOCKS EX SPR -6.37M TO 453.6M APR 19 WK

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

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Pill to appear on panel from 10:00BST

BOE
  • BOE Chief Economist (and MPC member) Huw Pill will appear on a panel at the Marrakesh Economic Festival at 10:00BST with the topic of "The New Trilemma of Macroeconomic Policy: Future Policy Responses." Alongside Pill on the panel will be the ECB's Holzmann, Axel Weber (former Bundesbank President) and Chiara Scotti from the Dallas Fed.
  • Pill was one of the members voting for unchanged rates at the September MPC meeting and prior to that at his last big speech on 31 August he set out the "Table Mountain" and "Matterhorn" metaphors that have since become widely adopted. At that speech he said that: One option for policy is to hold rates steady for longer, I tend to favour that approach.
  • Ahead of Pill's speech markets are ricing in around a 25% probability of a hike in November with a cumulative total of around 12bp priced in by the February meeting (after which the curve begins to invert).
  • Pill's comments will be watched closely, but we think it is unlikely he changes tone in his discussion of policy today (particularly ahead of next week's labour market and inflation data).
Homepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.