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

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

MNI: PBOC Sets Yuan Parity Higher At 7.1310 Tues; -0.50% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1310 TUES VS 7.1286

MNI BRIEF: China Must Unblock Domestic Circulation - Wang

MNI China Daily Summary: Monday, July 8

Asia Sov Curves Bull-Steepen, Indon To Reduce Bond Issuance

MNI: UK BRC JUN BY VALUE SHOP SALES LFL -0.5% YY, TOTAL -0.2% YY

BRC-KPMG Retail Sales Fell For The First Time (ex Easter Anomaly) Since Jun-22

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

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

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

Advance Q3 GDP Readings Miss Expectations

CZECHIA
  • Advance data suggested that Czechia's economy shrank 0.6% Y/Y in Q3, which was deeper than the expected 0.3% contraction. On a quarterly basis, GDP shrank 0.3% Q/Q, defying consensus call for a flat reading. The central bank's baseline forecast assumed GDP growth of 0.25% Y/Y in the three months through end-September, albeit the projection is slightly outdated, with a new one coming later this week.
  • The data came out ahead of this Thursday's rate review, with the CNB seen on a knife-edge when it comes to the decision on whether to start the rate-cutting cycle. The market is pricing a 25bp rate reduction and consensus is also narrowly leaning that way, albeit it is a very close call, as 11 economists polled by Bloomberg have pencilled in a cut and 10 expect an on-hold decision.
  • Lidovky reports that intra-coalition negotiations on the pension reform involving a change in the way the retirement age is calculated are hitting snags, with the Ministry of Labour and Social Affairs still working on the details. The Ministry missed the self-imposed October deadline and is now looking to present the reform by the year-end.
  • The main opposition ANO movement unveiled lower house Deputy Speaker Klara Dostalova as its leading candidate in next year's European election and said that preventing further increases in electricity prices will be their main policy priority in the coming period.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

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.