MNI: POWELL SAYS PCE INFLATION CAME IN LINE WITH EXPECTATIONS

MNI China Daily Summary: Friday, March 29

MNI: PBOC Injects Net CNY148 Bln Via OMO Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.0950 Fri; -4.70% Y/Y

CHINA PBOC INJECTS CNY150 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.0950 FRI VS 7.0948

MNI: US FEB PERSONAL INCOME +0.3%; NOM PCE +0.8%

HICP Tracking at 2.4%Y/Y - One tenth below consensus

HICP 2 tenths softer than expected, but partly on clothing prices

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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Ramaphosa To Deliver His Annual SONA Tonight

SOUTH AFRICA
  • South African President Cyril Ramaphosa will deliver his State of the Nation Address from Cape Town at 19:00SAST/17:00GMT. The leader is expected to touch upon the unprecedented energy crisis, which has seen South Africa endure more than 100 consecutive days of power outages. Ramaphosa could declare a national state of disaster, after the ruling ANC party backed the idea during its most recent strategy meeting. The measure would allow officials to cut red tape and facilitate spending on expanding Eskom's generation capacity. Ramaphosa's administration is under pressure to find quick solutions to the problem, as persistent blackouts meet with an intensifying public backlash. Weighing in on the debate about the consequences of the energy crisis, the Treasury warned yesterday that continued electricity rationing could ignite civil unrest.
  • South Africa's state-owned logistics company Transnet is planning to reduce its freight rail network by more than a third and focus on delivering more profitable cargo loads. Alongside prolonger load-shedding, Transnet's troubles have been key in constraining growth.
  • Mining production and manufacturing output data will cross the wires later this morning. Both are expected to have contracted on an annual basis in December.
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