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MNI: PBOC Sets Yuan Parity Higher At 7.1312 Weds; -0.34% Y/Y

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

CHINA SETS YUAN CENTRAL PARITY AT 7.1312 WEDS VS 7.1291

MNI BRIEF: 'Noise' Driving Economic Deterioration- Campos Neto

Australia May Total Dwelling Approved +5.5%

Australia May Retail Trade +0.6%

MNI: AUSTRALIA MAY RETAIL SALES +0.6% M/M

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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ING: Expect 2, or at most 3, hikes in 2022

BOE
  • “Inflation has twice come in above expectations since the Bank’s November forecasts, and that’s what seems to have swung it for policymakers. There’s also been no discernible turbulence in the jobs market since the furlough scheme ended in September, which was a key test that policymakers had put forward last month. Policymakers are calculating that in a year-or-so time, when rate decisions today will realistically filter through to the economy, the outlook will be little changed by Omicron.”
  • “We expect two, or at most three, rate rises next year. However, we think policymakers will wait until after February's meeting before moving again when more data on Omicron's impact will have arrived”
  • “We’re penciling in May and November at this stage”
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