MNI: PBOC Net Drains CNY349.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1124 Fri; +2.56% Y/Y

CHINA PBOC CONDUCTS CNY30.1 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1124 FRI VS 7.1299

MNI BRIEF: Inflation's Down, Not There Yet - Fed's Barkin

MNI BRIEF: Jobless Claims Stays Low, 2Q GDP Revised Higher

Australia Jun Retail Sales +0.5% M/M

Japan Jul Retail Sales +2.6% Y/Y

Japan Jul Ind. Output +2.8% M/M; First Fall In 2 Mths

UK: Week Ahead

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CBR Rate Decision in Focus Amid Worsening Inflation Developments

RUSSIA
  • Russia is set to produce about 642bcm of natural gas this year, Pavel Zavalny, who chairs the energy committee at the Duma, said at a gas forum in Moscow. Fully replacing the lost European gas market with export supplies elsewhere is going to be a challenge, he said, adding that planned gas pipelines to China will allow to Russia “to a large extent” replace the lost western markets by 2030.
  • Russian oil companies sharply increased marine exports of diesel fuel in the first two weeks of December bringing it to the level of 1m bpd, Kommersant report.
  • Attention turns to the CBR rate decision (1130GMT/1330 local time) where recent inflation dynamics will likely justify another rate hike following a 200bp increase in October. Governor Nabiullina will hold a press conference following the decision at 1300GMT/1500 local time. See our full preview here.

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