MNI: PBOC Conducts CNY200 Bln via MLF Thurs; Rate Cut

MNI: PBOC Sets Yuan Parity Lower At 7.1321 Thurs; -1.92% Y/Y

CHINA PBOC CONDUCTS CNY235.1 BILLION VIA 7-DAY REVERSE REPOS THURS

CHINA SETS YUAN CENTRAL PARITY AT 7.1321 THURS VS 7.1358

MNI China Daily Summary: Wednesday, July 24

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

MNI: JAPAN JUNE SERVICES PPI +3.0% Y/Y; MAY REV +2.7%

MNI BRIEF: Japan June Services PPI Rises 3.0% Vs. May's 2.7%

US Treasury Auction Calendar

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

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Erdogan to Meet with Biden May 9; Simsek Says Steps in Fiscal Policy to Support Disinflation

TURKEY
BulletEM BulletEmerging Market NewsHomepage
  • Turkish President Recep Tayyip Erdogan will meet with US President Joe Biden at the White House on May 9, Bloomberg report according to people familiar with the matter. Last weekend, Erdogan met with Hamas’s political leader to discuss a potential permanent cease-fire and accelerated humanitarian aid to Gaza.
  • Comments from Treasury and Finance Minister Simsek’s speech in Sapanca have been crossing the wires this morning. The minister said Turkey will take extra steps, especially in fiscal policy, to support disinflation, without elaborating further. He added that work on public sector savings is at a final stage and more will be shared on the matter soon.
  • Dunya report that record borrowing by the Treasury in the first ten months of the new government due to roll-over needs and financing of rapidly growing public deficits is “crowding out” private-sector borrowing.
  • President Erdogan will speak at event on Jerusalem at 12:30BST/14:30 local time before receiving Dutch PM Mark Rutte. Our review for yesterday’s CBRT rate decision, where the one-week repo rate was held at 50% in-line with consensus, will be released this afternoon.
177 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • Turkish President Recep Tayyip Erdogan will meet with US President Joe Biden at the White House on May 9, Bloomberg report according to people familiar with the matter. Last weekend, Erdogan met with Hamas’s political leader to discuss a potential permanent cease-fire and accelerated humanitarian aid to Gaza.
  • Comments from Treasury and Finance Minister Simsek’s speech in Sapanca have been crossing the wires this morning. The minister said Turkey will take extra steps, especially in fiscal policy, to support disinflation, without elaborating further. He added that work on public sector savings is at a final stage and more will be shared on the matter soon.
  • Dunya report that record borrowing by the Treasury in the first ten months of the new government due to roll-over needs and financing of rapidly growing public deficits is “crowding out” private-sector borrowing.
  • President Erdogan will speak at event on Jerusalem at 12:30BST/14:30 local time before receiving Dutch PM Mark Rutte. Our review for yesterday’s CBRT rate decision, where the one-week repo rate was held at 50% in-line with consensus, will be released this afternoon.