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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Ringgit Holds Steady Ahead Of BNM Rate Decision

MYR

Spot USD/MYR trades flat at MYR4.3828 as we type. Bulls see May 9 high of MYR4.3855 as their initial target and a break here would open up Apr 22, 2020 high of MYR4.4032. Bears look for a pullback under May 5 low of MYR4.3337.

  • Bank Negara Malaysia will announce its monetary policy decision today. It is the first meeting since the outbreak of the pandemic when analysts are divided as to whether the MPC will raise the Overnight Policy Rate. Most of them still expect the benchmark interest rate to remain unchanged - see our preview for more colour on the matter.
  • Looking further afield, Malaysia's Q1 BoP current account balance & GDP will hit the wires on Friday. The economy is expected to have grown 4.0% Y/Y in the three months through the end of March, according to Bloomberg consensus forecast.
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