MNI China Daily Summary: Wednesday, July 10

MNI BRIEF: China To Investigate EU Trade Actions

MNI BRIEF: China June CPI Hits Three Month Low

MNI: PBOC Conducts CNY2 Bln Via OMO Weds; Liquidity Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

MNI: PBOC Sets Yuan Parity Higher At 7.1342 Weds; -0.53% Y/Y

MNI JAPAN MAY CORE MACHINE ORDERS -3.2% M/M; APRIL -2.9%

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

EZ/UK Bond Supply Calendar: Italy, UK Auction on Thursday

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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Government Preparing Package Of Economic Measures

COLOMBIA
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  • President Petro has said in a post on X that the government is planning a package of measures to achieve full economic reactivation. He said that the measures will be presented to congress in the coming days. Recent data showed that the economy grew by 2.5% y/y in February, improving from 1.9% in January, but still below the country’s potential rate.
  • In other news, the IMF said that it has approved a new two-year flexible credit line with Colombia for around $8.1bn, following the cancellation of the previous $9bn arrangement. The figures are broadly consistent with those flagged by BanRep Governor Villar in comments last week. The IMF added that the government sees the arrangement as precautionary.
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  • President Petro has said in a post on X that the government is planning a package of measures to achieve full economic reactivation. He said that the measures will be presented to congress in the coming days. Recent data showed that the economy grew by 2.5% y/y in February, improving from 1.9% in January, but still below the country’s potential rate.
  • In other news, the IMF said that it has approved a new two-year flexible credit line with Colombia for around $8.1bn, following the cancellation of the previous $9bn arrangement. The figures are broadly consistent with those flagged by BanRep Governor Villar in comments last week. The IMF added that the government sees the arrangement as precautionary.