MNI: PBOC Net Injects CNY674 Bln Via OMO Tue; Rates Unchanged

MNI China Press Digest July 16: LPR, Q2 Data, Property

MNI: PBOC Sets Yuan Parity Higher At 7.1328 Tue; -1.79% Y/Y

CHINA PBOC CONDUCTS CNY676 BILLION VIA 7-DAY REVERSE REPOS TUE

CHINA SETS YUAN CENTRAL PARITY AT 7.1328 TUE VS 7.1313

MNI BRIEF: Fed's Powell Says Neutral Rate Has Likely Risen

Q2 Sees Pick-Up in Consumer Loan Demand - ECB BLS

MNI: ECB Q2 ENTERPRISE CREDIT STANDARD +3

Asia Sovs Little Changed, BI Rate Decision Wednesday

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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Cantral Bank Sees 'Contamination' of Core Inflation Prices

BRAZIL
  • Potential bad news for Bolsonaro yesterday as reports that Senate head Rodrigo Pacheco was told the ongoing COVID investigation probe cannot include governors and mayors. With the President likely being the focus of upcoming investigations, his approval rating may continue to dwindle.
  • Despite the news, BRL traded well yesterday mainly reflecting improved external sentiment and the rally in global equities. Additionally, the renewed optimism seen in the Ruble filtered through to EMFX.
  • Summary of Campos Neto's comments overnight:
    • Brazil swap rates reflecting growing fiscal premium
    • Brazil central bank sees contamination of core inflation prices
    • Brazil central bank sees 2022 as relevant inflation horizon
    • Brazil central bank is vigilant on FX market, will act as needed
    • Inflation repricing in developed economies affecting EM
    • Brazil central bank more optimistic about second half of year
    • "We need to move rates but still be on stimulatory grounds"
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