MNI: PBOC Net Drains CNY215.65 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Lower At 7.1318; +0.58% Y/Y

CHINA PBOC CONDUCTS CNY0.62 BILLION VIA 7-DAY REVERSE REPOS TUE

CHINA SETS YUAN CENTRAL PARITY AT 7.1318 TUE VS 7.1345

MNI China Daily Summary: Monday, Aug 5

MNI BRIEF: Taiwan FX Reserves Down In July

Room To Pause For The BI

MNI BRIEF: Japan June Real Wages Turn Positive; 1st in 27 Mths

Real Wages Surge Into Positive Territory, But Spending Still Negative

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

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CNB Expected To Hike Rates By 75bps to 4.5%

CZECHIA
  • The CNB is expected to raise its benchmark rate by 75bps to 4.5% at today’s meeting (1.30pm London time).
  • Even though further tightening is likely to lead to more downward revision in growth expectations, the majority of Czech policymakers have made it clear that they will continue to hike rates if inflationary pressures remain elevated.
  • Czech PM Fiala said in a televised briefing yesterday that the government approved up to 3bn CZK in Covid aid for businesses impacted by the restrictions.
  • Up to 11,000 companies will be eligible to the financial help according to the government.
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