MNI China Daily Summary: Friday, April 26

MNI BRIEF: China, US Should Strengthen Dialogue, Cooperation

MNI BRIEF: SNB Framework Reform 'Playing With Fire' - Steiner

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

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

MNI: PBOC Sets Yuan Parity Lower At 7.1056 Fri; -4.56% Y/Y

MNI: BAKER HUGHES US RIG COUNT 613; OIL RIGS 506; GAS RIGS 105

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL APR INDEX 77.2

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

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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MNI BRIEF: Falling Inflation Puts ECB In New Phase-Centeno

(MNI) ROME

The fall in eurozone inflation seen in the last few quarters and in new economic forecasts allows the European Central Bank's monetary policy “to enter into a new state of consolidation,” Bank of Portugal Governor Mario Centeno told a press conference on Friday.

The way inflation is declining shows that its rise was “temporary,” Centeno said, pointing to the fading effect of supply shocks and monetary tightening as driving factors. (See MNI SOURCES: ECB Needs Sub-3% Core Inflation To Consider Cuts)

The more inflation consolidates around lower levels, the higher real interest rates will be if official rates remain at actual levels, Centeno said, noting that it would be important to monitor the effect of this on the economy.

MNI Rome Bureau | +34-672-478-840 | santi.pinol.ext@marketnews.com
Central Bank NewsPolicy NewsHomepageEuropean Central BankCEEMEAEurozoneBriefStoryRegion
MNI Rome Bureau | +34-672-478-840 | santi.pinol.ext@marketnews.com
Central Bank NewsPolicy NewsHomepageEuropean Central BankCEEMEAEurozoneBriefStoryRegion

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