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CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

CHINA SETS YUAN CENTRAL PARITY AT 7.1312 WEDS VS 7.1291

MNI BRIEF: 'Noise' Driving Economic Deterioration- Campos Neto

MNI China Daily Summary: Tuesday, July 2

Australia May Total Dwelling Approved +5.5%

Australia May Retail Trade +0.6%

MNI: AUSTRALIA MAY RETAIL SALES +0.6% M/M

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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BoC Preview and Clarification on Timings

CANADA
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  • https://roar-assets-auto.rbl.ms/files/60782/BOCPreviewApr2024.pdf
  • The BoC’s advisory on its website currently says the presser opening statement will be released at 1030ET but we believe it will still be 0945ET as per the new format that started this year.
  • To recap: we’ll get the decision statement, MPR and presser opening statement at 0945ET before the press conference itself starts at 1030ET.
  • From Macklem’s interview with MNI last month: “The press release -- that is the policy decision. That’s number one. The reason to release the opening statement at the same time as the press release is the opening statement provides the opportunity to provide a little more color around the press release.”
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  • https://roar-assets-auto.rbl.ms/files/60782/BOCPreviewApr2024.pdf
  • The BoC’s advisory on its website currently says the presser opening statement will be released at 1030ET but we believe it will still be 0945ET as per the new format that started this year.
  • To recap: we’ll get the decision statement, MPR and presser opening statement at 0945ET before the press conference itself starts at 1030ET.
  • From Macklem’s interview with MNI last month: “The press release -- that is the policy decision. That’s number one. The reason to release the opening statement at the same time as the press release is the opening statement provides the opportunity to provide a little more color around the press release.”