MNI China Daily Summary: Wednesday, July 31

MNI BRIEF: BOJ To Raise Further, No Clues on Timing - Ueda

MNI BRIEF: BOJ's FY26 Inflation View Flat; Upside Risk To FY24, 25 Prices

MNI: PBOC Net Injects CNY185.57 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1346 Weds; -1.39% Y/Y

MNI BRIEF: China July PMI Contracts For Third Straight Month

Flash Inflation In-Line With Tracking; Services Softens But Only Slightly

MNI: EUROZONE JUL FLASH HICP +2.6% Y/Y

MNI: GERMANY JUL UE RATE (SA) 6.0% (FCST 5.9%); JUN 6.0%

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

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Analysts Divided Over Upcoming BCCh Meeting

CHILE
  • The range of forecasts among surveyed analysts for this Wednesday’s BCCh meeting varies from unchanged, through to a 75bp hike.
  • Despite inflation falling to 13.7% in September from 14.1% in August, the first decline since February 2021, core inflation extended its uptrend, rising to 11.1% from 10.8%.
  • Perhaps more comforting, one-year inflation expectations fell to 7.0% in September from 7.3% in August, the first decline since January. Two-year expectations fell to 3.8% from 4.0%. The central bank targets 3.0% +/- 1 percentage point.
  • A very light week of data in Chile, with just the central bank economist survey results preceding the rate decision on Wednesday.
    • The full MNI preview with analyst views will be published on Tuesday.
  • Chile’s Finance Minister Mario Marcel said a prudent date for the approval of a tax reform would be by the end of March and reiterated the government’s commitment to meet Chile’s fiscal spending rule, according to an interview with newspaper La Tercera.
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