BOC SAYS DOESN'T NEED TO ALTER PATH OF QT RIGHT NOW

this is a test, please ignore

MNI BRIEF: Text of Bank Of Canada Interest-Rate Decision

MNI China Daily Summary: Wednesday, July 24

MNI: PBOC Net Drains CNY203.9 Bln Via OMO Wednesday

MNI: PBOC Sets Yuan Parity Higher At 7.1358 Weds; -0.98% Y/Y

US Treasury Auction Calendar

EZ/UK Bond Supply Calendar: BTP Short Term and BTPeis on Thursday

EZ/UK T-Bill Calendar: Italy, UK Auction on Friday

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

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CBRT Rate Decision in Focus This Afternoon

TURKEY
  • The Central Bank of Turkey is widely expected to keep the one-week repo rate on hold at 50% (12:00BST/14:00 local time), having likely concluded its tightening cycle following an above consensus 500bp rate hike in March. Nevertheless, central bank communication is likely to tilt hawkish once again. All of the sell-side analyst views we have seen are expecting no change to the repo rate at this juncture. See the full preview, with a summary of sell-side analyst views, here.
  • Energy Minister Bayraktar said he discussed deepening cooperation at a meeting with the head of China's Anhui Province, Han Jun, in Ankara yesterday. "We evaluated cooperation opportunities we could develop, especially in the fields of renewable energy and battery technologies," the minister said in a post on X. The meeting comes ahead of Bayraktar’s planned visit to China in May, where reports say he will seek to boost energy cooperation between the two countries.
  • Other than the CBRT rate decision today, there are no major data releases on the docket for the remainder of the week.
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