News By Region
Monday, October 24, 2016 - 21:19 China PBOC Injects CNY235 Bln via Open Market Operations 0
BEIJING (MNI) - The People's Bank of China injected a total of CNY235 billion via open market operations Tuesday, traders said.
It included CNY115 billion through a seven-day reverse repo, CNY85 billion via a 14-day reverse repo, and CNY35 billion through a 28-day repo.
This resulted in a net injection of CNY175 billion at OMOs for the day.
The benchmark seven-day repo opened at 2.25%, unchanged from Monday.
Monday, October 24, 2016 - 19:03 StatCan To Start Monthly Release Of New BOC CPI Meas Dec. 22 0
By Yali N'Diaye
OTTAWA (MNI) - Statistics Canada told MNI Monday it will start releasing the new measures of core inflation used by the Bank of Canada as an operational guideline on a monthly basis from December 22, when it publishes the November 2016 CPI report.
In the December release, it will provide historical data dating back to January 1990.
In addition, "Statistics Canada will provide information to data users to assist in understanding the calculation of the three new measures of core or underlying inflation proposed by the BOC, with the CPI release on November 18, 2016," it added.
The BOC and the government announced earlier Monday the renewal of their five-year inflation control agreement, which is...
Monday, October 24, 2016 - 15:36 Canada Parliamntary Budget Off Makes Little Change To Forecast 0
By Yali N'Diaye
OTTAWA (MNI) - Assuming the Bank of Canada keeps its overnight rate target at 0.50% through the second quarter of 2018, and revising down real GDP growth forecasts to 1.2% from 1.8% projected in April for 2016, and to 2.3% from 2.5% for 2017, the Parliamentary Budget Officer projected Monday that Canada's federal budget deficit would reach C$22.4 billion for fiscal year 2016-17.
The budget deficit forecast is little changed from the C$20.5 billion deficit projected in April.
Monday, October 24, 2016 - 15:33 Chicago Fed's Evans Sees 3 Rate Hikes By End-2017 0
--No Strong Feelings on Whether First Hike in Nov, Dec or Jan
--Not At Full Employment
--Want to See Inflation Above 2%
WASHINGTON (MNI) - Chicago Federal Reserve Bank President Charles Evans told reporters Monday he expects the Federal Reserve to raise interest rates three times by the end of next year as inflation picks up and the labor market edges closer to full employment.
"I've probably got about three (rate hikes) priced in between now and the end of next year," Evans said.
Monday, October 24, 2016 - 15:31 Trump's Political Weakness Imperils GOP Control of US Congress 0
--ABC Poll Shows Clinton Leading Trump, 50% to 38%
--Democrats Need To Gain Five Seats To Win Outright Senate Majority
--House Democrats Need To Gain 30 Seats To Win Majority
WASHINGTON(MNI) - With Election Day just about two weeks away, House Speaker Paul Ryan and Senate Majority Leader Mitch McConnell are frantically trying to retain their majorities in Congress as Donald Trump's presidential campaign struggles.
Throughout the summer and early fall, Ryan and McConnell were aware that the controversial Trump candidacy posed significant headwinds for their respective efforts to retain...
Monday, October 24, 2016 - 14:57 Fed's Powell: Readying Consolidation of Tsys Repo Settlement 0
--Bank of New York Mellon Sole Surviving Settlement Bank
WASHINGTON (MNI) - Government regulators, on a mission to reinforce the resilience of the cash Treasurys market, are seeing forces beyond their control consolidate all settlement of government securities in the $1.7 trillion tri-party repo market end up in the hands of one bank, and Federal Reserve Gov. Jerome Powell said Monday that bank will be under unprecedented scrutiny.
Powell, speaking to a day-long conference of Treasury market participants and government officials, said the long-term structure of the key settlement function which underpins much of the market's day-to-day operations is not yet...