MNI China Daily Summary: Monday, July 29

MNI: China CFETS Yuan Index Up 0.15% In Week of Jul 26

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

MNI: PBOC Sets Yuan Parity Higher At 7.1316 Mon; -1.56% Y/Y

CHINA PBOC CONDUCTS CNY301.57 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1316 MON VS 7.1270

CBI Retail Sales Fell Faster Than Expected For The Second Month

MNI: UK CBI JUL DIST TRADE REPORTED SALES -43

MNI: UK BOE JUN MORTGAGE APPROVALS 59,976

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

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Kashkari: Reiterates June Hike Close Call

FED
  • Minneapolis Fed’s Kashkari (’23 voter) tells CNBC that right now, the June rate decision is a “close call” for him, broadly reiterating his comments to WSJ published Sunday.
  • He told the WSJ: "I'm open to the idea that we can move a little bit more slowly from here"… "I would object to any kind of declaration that we're done. If the committee chooses to skip a meeting because we want to get more information, I could make the argument why that makes sense,"… "A skip to get more information is very different in my mind than [saying], 'Hey, we think we're done.'"
  • Other comments are in keeping with an essay published earlier today (found here): FED'S KASHKARI SAYS BANKS IN HIS REGION NOT SEEING STRAINS
  • With other two-sided comments in his CNBC appearance, FOMC-dated OIS briefly increased 1bp for Jun and 2.5bp for Dec but has just as quickly fully reversed it.
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