MNI China Daily Summary: Wednesday, Sept 11

MNI BRIEF: Cautious Policy Adjustments Eyed - BOJ's Nakagawa

MNI: PBOC Net Injects CNY209.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Higher At 7.1182 Weds; +2.35% Y/Y

CHINA PBOC CONDUCTS CNY210 BLN VIA 7-DAY REVERSE REPOS WEDS

CHINA SETS YUAN CENTRAL PARITY AT 7.1182 WEDS VS 7.1136

EZ/UK Bond Supply Calendar: Ireland, Italy, UK Due Thursday

US EIA: CRUDE OIL STOCKS EX SPR +0.83M TO 419.1M SEP 06 WK

MNI: US AUG CPI UNROUNDED M/M 0.187%, CORE 0.281%

AUSTRALIA: Albanese Lines Up Budget for May Election

AUSTRALIA: Albanese Lines Up Budget for May Election

UK: Week Ahead

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IMF Staff Increasingly Concerned About S. Africa Growth Outlook

SOUTH AFRICA
  • The International Monetary Fund (IMF) said on Tuesday at the end of a visit to South Africa that its staff were increasingly concerned about the country’s economic growth outlook and the implications on employment, poverty and inequality.
  • Within the statement, the IMF pointed to a series of shocks which it said adversely affected South Africa’s economic trajectory:
    • “The flooding in Durban, uncertainty about the war in Ukraine, tightening of global financial conditions, and China’s slowdown pose challenges to growth and price stability,” the IMF said.
    • “Policy action needs to focus on mitigating the impact of these shocks while addressing longstanding structural economic obstacles to growth”.
  • The IMF indicated that it is more urgent than ever to “transform the network industries and foster competition to attract private investment, create jobs, and reverse the slide in social conditions”.
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