MNI BRIEF: Foreign Firms Content In China

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: PBOC Sets Yuan Parity Lower At 7.1270 Fri; -0.95% Y/Y

CHINA PBOC CONDUCTS CNY358.05 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1270 FRI VS 7.1321

MNI: SWEDEN JUN UNEMPLOYMENT 9.4%

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

Japan Tokyo Jul Core CPI +2.2% Y/Y

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

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Finance Minister Says President Lula To Decide BCB Members In Coming Days

BRAZIL
  • President Lula is expected to decide central bank directors in the coming days (BBG)
  • Lula has always respected central bank autonomy, debate is overpriced (BBG)
  • Finance minister Fernando Haddad spoke earlier and noted the government is overcoming resistance to tax reform and that says that the reform will be neutral for collection and that the senate may vote in September or October.
  • Regarding the headlines above on the BCB nominations, there does not appear to be a specific timeline as of yet but developments will be monitored over the coming days.
  • Itaú have noted the Senate commission which approves the names for the directors of the BCB is finally formed following the terms of the directors Bruno Serra (monetary policy) and Paulo Souza (oversight) ending on February 28th.
  • For reference, BCB President Campos Neto has been involved in the discussions about the new names for the institution’s board, Finance minister Fernando Haddad told journalists last week.
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