BOC SAYS DOESN'T NEED TO ALTER PATH OF QT RIGHT NOW

this is a test, please ignore

MNI BRIEF: Text of Bank Of Canada Interest-Rate Decision

MNI China Daily Summary: Wednesday, July 24

MNI: PBOC Net Drains CNY203.9 Bln Via OMO Wednesday

MNI: PBOC Sets Yuan Parity Higher At 7.1358 Weds; -0.98% Y/Y

US Treasury Auction Calendar

EZ/UK Bond Supply Calendar: BTP Short Term and BTPeis on Thursday

EZ/UK T-Bill Calendar: Italy, UK Auction on Friday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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Summary – April 03

LATAM
  • Brazil IP data for February will cross on Wednesday, followed by the March services PMI. Mexico gross fixed investment figures for January will also be released, while in Chile the central bank will publish its Q1 monetary policy report. In the US, the ISM services index and final March PMI data take the focus. The central bank speaker slate will be of note, with the Fed's Powell speaking on the economic outlook from Stanford, while Bostic, Bowman, Goolsbee, Barr and Kugler are also set to make appearances.
  • Global News:
    • TAIWAN – Taiwan’s strongest earthquake in a quarter century levelled dozens of buildings on the eastern side of the island, killing at least four people and disrupting semiconductor production at some of the world’s leading chipmakers. The quake measured 7.4 in magnitude, according to the US Geological Survey, which pinned the epicenter near the eastern city of Hualien.
    • CHINA – Focus in Asia-Pac has been on the persistent weakening of the CNY, which approached the upper-end of the 2% trading band for a second consecutive session on Wednesday. The PBOC's statement reiterated their stance that they would "resolutely" correct pro-cyclical behaviour and prevent the risk of the FX rate overshooting.
    • JAPAN (MNI) – The BoJ would consider raising its policy rate from zero to 0.1% should services prices data due on April 26 indicate significant upside risks to prices, but a weaker yen is likely to prompt little more than jawboning while underlying inflation remains below 2%, MNI understands. The central bank will update its medium-term outlook, including its first inflation forecast for fiscal 2026, at the April 25-26 meeting.
    • NATO (MNI) – Delivering doorstep comments at the NATO Foreign Ministers' Meeting in Brussels, Secretary General Jens Stoltenberg seemed to confirm earlier reporting that NATO will seek to put together a significant joint fund to support Ukraine. He stated that ministers are to 'discuss a multi-year financial commitment to sustain Ukraine and support NATO.
BulletEM BulletEmerging Market NewsHomepageBank of Japan (BOJ) Market News
BulletEM BulletEmerging Market NewsHomepageBank of Japan (BOJ) Market News

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