MNI China Press Digest Mar 22: Autos, Local Gov, Real-Estate

MNI: PBOC Drains Net CNY11 Bln Via OMO Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1004 Fri; -4.29% Y/Y

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

CHINA SETS YUAN CENTRAL PARITY AT 7.1004 FRI VS 7.0942

MNI: BANXICO CUTS TARGET RATE BY 25 BPS TO 11%

Japan Feb Core CPI +2.8% Y/Y; Energy Price Dip Further

MNI: UK MAR GFK CONSUMER CONFIDENCE INDEX -21

UK Consumer Confidence Unchanged for Second Consecutive Month

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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PM Morawiecki Wants Poland's Membership To Be a 'Win-Win' For All

POLAND
  • This morning, PM Mateusz Morawiecki mentioned at a plenary session of the European Parliament that he wants Poland's membership to be a 'win-win' for all and reiterated that Poland's place is in the EU.
  • The series of legal dispute with the EU over Primacy Law have led to the Commission taking the decision to delay the funds to Poland.
  • As Poland is the largest net recipient of EU structural funding (36bn EUR), it could start to weigh on growth expectations as the funds were going to contribute to a significant part of economic growth according to analysts.
  • Yesterday, economic data showed that core CPI rose by 4.2% In September, slightly more than expected, up from 3.9% the previous month.
  • Inflationary pressures continue to remain elevated in the CEE region, increasing the odds for another hike by the NBU next month.
  • This morning, average gross wages rose slightly less than expected in September by 8.7% YoY (vs. 9% exp.), down from 9.5% the previous month.
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