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MNI China Daily Summary: Friday, March 29

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

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

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

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RBC Sees Potential Rate Increase Next Week After Business Survey

BOC
(MNI) OTTAWA
  • RBC says that while its forecast is for the BOC to hike in April, "today's BOS data would argue that the first increase could come at any time, including in the next policy decision later this month"
  • The BOS (Business Outlook Survey) showed record high views on wage and price inflation, in results gathered before omicron wave
  • "The rapid spread of the Omicron variant and large numbers of workers required to self-isolate are likely only adding to labour shortages in the near-term," RBC says in research note
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
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MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
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