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

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS THURS

MNI: PBOC Sets Yuan Parity Lower At 7.1339 Thurs; -1.06% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1339 THURS VS 7.1342

MNI BRIEF: Bank of Korea Keeps Policy Rate At 3.50%

MNI: BANK OF KOREA KEEPS POLICY RATE AT 3.50%: PRESS

Asia Sovs Steady Ahead Of US CPI, PH Defense Spending To Increase

Japan May Machine Orders -3.2% M/M

MNI JAPAN MAY CORE MACHINE ORDERS -3.2% M/M; APRIL -2.9%

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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Summary – February 27

LATAM
  • The BCB will publish its weekly Focus survey this morning, followed by half month CPI inflation data for February. In Mexico, trade data for the month of January will also cross. Elsewhere, the main focus on the data front for today will be on the US preliminary durable goods. Meanwhile, the Fed’s Barr is scheduled to speak later today.
  • Global News:
    • MIDEAST – US President Biden said negotiators were making good progress toward a temporary pause in fighting between Israel and Hamas and that a cease-fire could begin as soon as the start of next week. “My national security adviser tells me that we’re close, we’re close,” Biden told reporters on Monday in New York. “We’re not done yet. My hope is by next Monday we’ll have a cease-fire.”
    • US – the average favourable rating for Donald Trump hit its highest level since before the 2022 midterm elections. The RealClearPolitics average of polls shows 42% of voters say they have a favourable opinion of Trump, up from an all-time low of 36% in December 2022. He’s now viewed better than Biden, for whom around 40% have a favourable opinion.
    • US (MNI) – Kansas City Fed President Jeff Schmid said Monday the central bank can be patient before easing monetary policy, while also staking out a position for a smaller Fed balance sheet and continued QT. "With inflation running above target, labour markets tight, and demand showing considerable momentum, my own view is that there is no need to pre-emptively adjust the stance of policy."
    • CHINA (MNI Beijing) – the People’s Bank of China will make good use of relending preferential measures to support five key areas, the central bank said in a statement on Tuesday. The Bank will enhance policy guidance, strengthen policy incentives and reinforce assessment in order to guide financial institutions and improve their performance, the PBOC noted.
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