MNI BRIEF: China June CPI Hits Three Month Low

RBNZ MPC SAYS OCR "HAS SIGNIFICANTLY REDUCED CPI"

MNI: RBNZ LEAVES OCR AT 5.5%

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

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

MNI: PBOC Sets Yuan Parity Higher At 7.1342 Weds; -0.53% Y/Y

Headline CPI Ticks Down To 0.2% Y/Y, PPI In Line

CHINA JUNE FOOD PRICES -2.1% Y/Y VS -2.0% Y/Y MAY

CHINA JUNE CPI +0.2% Y/Y VS MEDIAN +0.4%; MAY +0.3% Y/Y: NBS

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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Koruna On Softer Footing, Parliament Gives Initial Nod To Budget

CZK

EUR/CZK refreshed cyclical highs at 24.747 this morning and last deals +0.038 at 24.738 as the countdown to next week's CNB rate decision starts, with the central bank entering its media blackout period. From a technical perspective, bulls seek a move through Jul 7, 2022 high of 24.797. Bears still set their sights on the 24.3 support area.

  • The Chamber of Deputies approved the main assumptions behind the 2024 spending plan. The budget will now be debated in committees, with lawmakers having the opportunity to propose adjustments to the allocation of funds.
  • CZGB yields are broadly lower, with the short end leading gains. The PX Index has shed 0.2%, almost erasing yesterday's gains.
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