MNI BRIEF: China Wants U.S. Firms To Deepen Investment

MNI China Daily Summary: Tuesday, July 23

MNI: PBOC Net Drains CNY408.7 Bln Via OMO Tues

MNI: PBOC Sets Yuan Parity Lower At 7.1334 Tues; -1.30% Y/Y

CHINA PBOC CONDUCTS CNY267.3 BILLION VIA 7-DAY REVERSE REPOS TUES

CHINA SETS YUAN CENTRAL PARITY AT 7.1334 TUES VS 7.1335

MNI: US NAR: JUN EXISTING HOME SALES 3.89M SAAR

MNI: US REDBOOK: JUL STORE SALES +4.8% V YR AGO MO

ECB Not Currently Concerned About Core Goods Re-acceleration (2/2)

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

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

Amid Dispute Over New NBP Rules Of Conduct, Kotecki Warns Inflation Could Remain Elevated

POLAND
  • Bloomberg reported that Poland's central bank has prepared regulations that would require MPC members to seek the Governor's permission if they want to meet investors. The new "list of good practices" stipulates that any such meeting would have to be attended by another rate-setter chosen by the Governor. MPC's Joanna Tyrowicz said that "the draft rules of the MPC on meetings with investors effectively muzzle policymakers," while her colleague Ludwik Kotecki called it an "excessive and harmful regulation." The NBP's press office released a statement condemning a "scandalous political attack" and cited rules on external communications by Fed members.
  • Kotecki told Business Insider today that elevated inflation will continue to haunt Poland for a long time. The hawkish policymaker said that he moderated his rate-hike call to 25bp in February from 50bp prior, due to deteriorating data on economic activity. Still, he sees a "real risk" of returning to interest-rate hikes as he warned that inflation could stop easing at some point and remain elevated, "probably at double-digit" levels.
  • Gazeta Wyborcza reports that the ruling Law & Justice party has decided to increase the cash subsidy paid for every child ahead of the upcoming election. The newspaper suggests that the monthly payouts could be increased from PLN500 to PLN700.
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.