MNI China Daily Summary: Friday, April 19

MNI BRIEF: China Hog Market More Balanced In Q2 - Ministry

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 Higher At 7.1046 Fri; -5.03% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1046 FRI VS 7.1020

INE Business Confidence Data Supports Upward Revisions In Q1 GDP Forecasts

MNI: GERMANY FEB PRODUCER PRICES -2.9% Y/Y

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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/RUSSIA: Moscow Considers Replacing Urals Oil In Its Macro Forecasts With Another Indicator

OIL

The Russian government is discussing abandoning the use of the expected price of Urals oil in its macroeconomic forecasts and replacing it with another indicator, sources told Vedomosti.

  • "According to one of them, firstly, the cost of Urals in the current situation varies significantly from contract to contract and from supplier to supplier, so the forecast, including budget revenues, formed in relation to the price of the Russian brand, may be significantly distorted."
  • "Secondly, news agencies that provided the government with information on Urals prices - Argus and S&P Global Platts - practically stopped registering transactions and supplying data due to sanctions, the source said."
  • Vedomosti reports that the authorities are considering various alternatives, including the price of Brent crude oil.
Energy BulletsCommodities
Energy BulletsCommodities

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