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

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

Real Wages Surge Into Positive Territory, But Spending Still Negative

MNI JAPAN JUNE HOUSEHOLD SPENDING -1.4% Y/Y; MAY -1.8%

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

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Government to Reverse Diesel Price Cut

CZECHIA
  • CTK cites economists as saying interest rate hikes made in an attempt to crimp inflation from government deficit spending could instead burden the economy with unnecessary additional costs.
  • Late yesterday, the Czech government outlined their intentions to return the excise tax on the price of diesel in order to boost budget revenues. Passage of the agreement would mean prices rise by CZK 1.50 to CZK 9.95 per litre.
  • The measure would be a reversal of the tax cut put in place last year to combat high prices. Estimates put the revenue raised at CZK 727mln per calendar month.
  • Retail sales data for March cross in 5 minutes, with markets expecting a 6.6% decline.
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