MNI BRIEF: Policy Move Eyed If Inflation Meets 2% - BOJ's Ueda

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

MNI: PBOC Sets Yuan Parity Higher At 7.1059 Tues; -5.03% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS TUES

CHINA SETS YUAN CENTRAL PARITY AT 7.1059 TUES VS 7.1043

MNI BRIEF: Brazil CenBank Faces Greater Uncertainty - Campos

EZ/UK T-Bill Calendar: 3/6-Month ATB Auction on Tuesday

EZ/UK Bond Supply Calendar: EU, FI Synds; IT, DE Auctions Tues

MNI: CANADA MAR INDUSTRIAL PRICES +0.8% MOM; EX-ENERGY +0.8%

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

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

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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Government To Take Drastic Steps If Covid Cases Continue To Rise

POLAND
  • Germany charged Belarusian President Alexander Lukashenko of using migrants as a "political weapon" to retaliate against European Union sanctions, according to Interior Minister Horst Seehofer (BBG).
  • As Covid cases continue to surge, Health Minister Adam Niedzielski said at a press conference yesterday that the government may take drastic steps in case the situation continues to deteriorate.
  • The on-going dispute with the EU bloc continues with Poland threatening to block EU climate talks (2-day gathering) unless it receives access to the 36bn EUR from the 'recovery fund'. As a reminder, EU officials have decided to delay the access to the post-pandemic aid over their backsliding on rule of law.
  • Inflationary pressures continue to remain elevated in the CEE region, increasing the odds for another hike by the NBP next month (November 3).
  • Yesterday, economic data showed that PPI inflation continued to surprise positively in September, up 10.2% YoY (vs. 10% exp.), and up from revised 9.6% the previous month.
  • Forward rates are pricing in further rates hikes in the coming meetings. FRA 3Mx6M is currently trading 85bps above the Wibor 3M, implying that the market is expecting three to four 25bps hikes by January.
  • This morning, September retail sales came in slightly higher than expected at 11.1% YoY (vs. 10.4%), up from 10.7% the previous month.
  • At 1pm, the NBP will publish the minutes of its policy meeting held on October 6.
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