MNI BRIEF: Goolsbee Suggests Preference For Gradual Fed Cuts

CORRECTED-MNI INTERVIEW: Riksbank Could Cut 2-3 Times More

CORRECTED-MNI INTERVIEW: Riksbank Could Cut 2-3 Times More

MNI China Daily Summary: Friday, August 16

MNI BRIEF: China July Unemployment Rates Rises On Weak Economy

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MNI: BAKER HUGHES US RIG COUNT 586; OIL RIGS 483; GAS RIGS 98

MNI: CANADIAN JUN MANUFACTURING SALES -2.1% MOM

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

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Benchmark repeal and replace? The Bank of.....>

LIBOR
LIBOR: Benchmark repeal and replace? The Bank of Montreal believes the FCA 2021
deadline is "unviable" but said the announcement helped prepare markets for the
transition while throwing "cold water on the thought that market participants
could simply ignore the new reference rate and continue to use Libor into
perpetuity." BMO posited that LIBOR rates might still be "centrally calculated
or based on a different short-term rate such as commercial paper " after the
2021 deadline, while "it is also possible that the FCA negotiates a longer
period for Libor setting than the current 2021 deadline."
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