MNI BRIEF: Japan May Core CPI Rises 2.5% Vs. April +2.2%

BRIEF: IMF Says New EU Fiscal Rules To Help Contain Volatility

BRIEF: Fiscal Commitments "Critical" - Eurogroup's Donohoe

MNI China Daily Summary: Thursday, June 20

MNI: PBOC Net Injects CNY18 Bln Via OMO Thu; Rates Unchanged

CHINA PBOC CONDUCTS CNY20 BILLION VIA 7-DAY REVERSE REPOS THU

MNI JAPAN MAY CORE CPI +2.5% Y/Y; APRIL +2.2%

UK GfK Highest Since Nov-21

MNI: UK JUN GFK CONSUMER CONFIDENCE INDEX -14

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

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

TD Securities See Today's CPI Report as Likely to Show Little Progress on Inflation

CANADA DATA
  • Ahead of the CAD CPI release in just under an hour, TD Securities write that they expect the January CPI report to show limited progress on the path to 2% inflation with a 0.2pp deceleration to 3.2% Y/Y. They see M/M CPI at +0.4% m/m. They note that today’s release is unlikely to give the BoC much evidence of softer underlying price pressures, especially with core inflation measures expected to edge higher on a 3m annualized basis.
  • They see the shelter aggregate rising by another 0.4% m/m on stronger rents and mortgage interest costs, resulting in a modest acceleration Y/Y.
  • Core inflation measures should reinforce the mixed tone with a 0.1pp decline for CPI trim/median to 3.55% y/y, translating to an acceleration on a 3m annualized basis to 3.8% from 3.6%.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
Homepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange BulletsCanada Bank of Canada Market News
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
Homepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange BulletsCanada Bank of Canada Market News

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.