MNI: PBOC Net Drains CNY51.03 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Higher At 7.1364 Tues; -1.28% Y/Y

CHINA PBOC CONDUCTS CNY216.27 BILLION VIA 7-DAY REVERSE REPOS TUES

CHINA SETS YUAN CENTRAL PARITY AT 7.1364 TUES VS 7.1316

MNI China Daily Summary: Monday, July 29

MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

MNI: FRANCE Q2 FLASH GDP +0.3% Q/Q, +1.1% Y/Y

MNI: FRANCE JUN CONSUMER SPENDING -0.5% M/M, -1% Y/Y

Australia Jun Total Dwelling Approved -6.5%

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

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Inflation Recap: Close To Expectations, Opens Door For Larger Cuts Ahead

COLOMBIA
  • Headline and Core inflation for January registered close to expectations overnight, confirming the downward trajectory for both metrics and potentially opening the potential for the central bank to up the pace of easing at its March 22 meeting, subject to any negative surprises in coming weeks.
  • Analysts noted the headline print was mostly driven by services and regulated items, due to a combination of seasonal urban transport tariff resetting, the removal of fuel subsidies, and pressures on the electricity sector.
  • The data rundown was as follows:
    • Jan. Consumer prices rose 0.92% m/m (est. +0.95%) in January versus +0.45% in Dec.
    • Jan. Consumer prices rose 8.35% y/y (est. +8.37%) vs +9.28% in Dec.
    • Jan. Core consumer prices rose 1.02% m/m (est. +1.00%) vs +0.66% in Dec.
    • Jan. Core consumer prices rose 9.69% y/y (est. +9.68%) vs +10.33% in Dec.
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