MNI BRIEF: China State Planner To Increase Trade-in Support

MNI China Daily Summary: Thursday, July 25

MNI BRIEF: Japan Govt Keeps Econ View, Cuts Exports

MNI: PBOC Conducts CNY200 Bln via MLF Thurs; Rate Cut

MNI: PBOC Sets Yuan Parity Lower At 7.1321 Thurs; -1.92% Y/Y

CHINA PBOC CONDUCTS CNY235.1 BILLION VIA 7-DAY REVERSE REPOS THURS

Core Goods Pipeline Pressures Pick Up On 3m/3m Basis

Aircraft-Led Durables Collapse Masks Rebound In Core Orders

MNI: BELGIUM JUL BNB BUSINESS SURVEY -12.3

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

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Bailey Doubles Down On Pension Fund Ultimatum

BOE
  • Speaking in Washington, BOE Governor Bailey says the message to pension funds is that "you've got three days left" reinforcing that the current intervention in markets is temporary and that "we will be out" by the end of the week.
  • It confirms what the Bank has already said in market notices both today and yesterday but goes against apparent market hopes of further intervention with risk assets selling off on the back of it - S&P e-mini fall 1% on the headlines to back at levels as the US first came in this morning and USD firms on the flip side.

Other Bloomberg headlines

  • *BOE'S BAILEY: LEVERAGE IN NON-BANK WORLD A `SLIPPERY' CONCEPT
  • *BOE'S BAILEY: STRUCTURAL ISSUE PREVENTED TARGETED INTERVENTION
  • *BOE'S BAILEY: SERIOUS RISK TO FINANCIAL STABILITY IN UK
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