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

MNI BRIEF: Slow Rate Hikes Expected - BOJ's Noguchi

MNI: PBOC Sets Yuan Parity Lower At 7.1020 Thurs; -5.02% Y/Y

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

CHINA SETS YUAN CENTRAL PARITY AT 7.1020 THURS VS 7.1025

MNI BRIEF: BCB's Campos Neto: 'Not Afraid To Do What's Needed'

MNI:AUSTRALIA MAR UNEMPLOYMENT RATE +3.8%

MNI: US TSY TICS NET FLOWS IN FEB +$51.6B

US Treasury Auction Calendar

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

Pressure On Government To Contain Spending In Face Of Inflation

AUSTRALIA

The federal government is apparently planning $1.5bn of energy bill relief for low-income households in the May budget to be matched by the states, according to The Australian. It is also under pressure to increase unemployment benefits significantly given high inflation. This extra spending is seen as making the RBA’s inflation fight harder.

  • As of December the budget deficit was $11.5bn better than projected in October. Treasurer Chalmers has said that most of this will be saved. He is aware of trying to repair the budget and not adding to demand pressures in the economy.
  • Independent economist Richardson noted that $6bn of lower government spending is needed to prevent one rate hike.
    - The Australian
HomepagePolitical RiskPolitical Risk BulletBulletMarketsFixed 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.