MNI China Daily Summary: Thursday, April 22

MNI BRIEF: China To Quicken Resolving Local Debt Risks

RPT-MNI INTERVIEW: ECB's Wunsch Sees At Least Two Cuts By Dec

MNI BRIEF: Brazil CenBank Faces Greater Uncertainty - Campos

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

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

EZ/UK T-Bill Calendar: 3/6-Month ATB Auction on Tuesday

EZ/UK Bond Supply Calendar: EU, FI Synds; IT, DE Auctions Tues

MNI: CANADA MAR INDUSTRIAL PRICES +0.8% MOM; EX-ENERGY +0.8%

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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Sky News-Treasury Source: Chancellor Not Resigning, No Reversal Of Policy

UK

Wires reporting comments from Sky News political ed. Beth Rigby stating that according to unnamed Treasury sources, Chancellor of the Exchequer Kwasi Kwarteng is not set to resign and there will be no reversal of gov't policy.

  • Pressure mounting on PM Liz Truss and Kwarteng, with Conservative MP Simon Hoare (a supporter of Truss' leadership challenger Rishi Sunak and seen as centrist in party) called the gov'ts policies 'inept madness'.
  • A number of Conservative MPs seen as v. soft on voting for the gov'ts economic plan.
  • Several prominent backbenchers (including Sunak) have stated or leaked that they will not be attending the Conservative party conference starting October 2. This will raise eyebrows, as attendance usually a given for all MPs barring significant commitments.
  • Opposition calling for parliament to be recalled to deal with fallout of market movements.
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Homepagemarkets-real-timePolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange BulletsPolitical Market News

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