MNI China Daily Summary: Friday, June 28

MNI BRIEF: PBOC Pledges to Curb Any Overshoot Of The Yuan: MPC

MNI: PBOC Net Injects CNY40 Bln Via OMO Fri; Rates Unchanged

CHINA PBOC CONDUCTS CNY50 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Lower At 7.1268 Fri; -0.32% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1268 FRI VS 7.1270

Inflation Slowed in June, Shaking Off May Hotel Price Jump

Broad-based Deceleration In June Core Metrics

MNI: ITALY JUN FLASH HICP +0.2% M/M, +0.9% % Y/Y; MAY +0.8% Y/Y

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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Air-Travel Recovery Aided by China: IATA

JET FUEL

IATA expects the air travel demand in the Asia-Pacific to recovery to 2019 levels next year, according to Willie Walsh, Director General of International Air Transport Association, speaking at the 2023 North Bund International Aviation Forum in Shanghai.

  • “Earlier this year, China’s decision to restart travel has provided a boost to the recovery of international travel,” Walsh said. “To be honest, the speed of recovery came as a happy surprise.”
  • Demand for air travel is forecast to double by 2040, with an average annual growth rate of 3.4%. The Asia-Pacific region is expected to comprise over half of the growth.
  • Asia -Pacific passenger demand was 74% of 2019 levels in July, according to IATA.
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