MNI: PBOC Net Drains CNY203.9 Bln Via OMO Wednesday

MNI: PBOC Sets Yuan Parity Higher At 7.1358 Weds; -0.98% Y/Y

CHINA PBOC CONDUCTS CNY66.1 BILLION VIA 7-DAY REVERSE REPOS WEDS

CHINA SETS YUAN CENTRAL PARITY AT 7.1358 WEDS VS 7.1334

MNI BRIEF: China Wants U.S. Firms To Deepen Investment

MNI China Daily Summary: Tuesday, July 23

Market round-up post PMIs

PMIs indicate solid growth; less cost pressures from wage increases

MNI: UK JUL FLASH MANUFACTURING PMI 51.8 (FCST 51.0); JUN 50.9

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

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Kovacs and Buza to be Confirmed as New Rate Setters Monday, Unemployment Rises to 4%

HUNGARY
  • Reuters sources confirming reports from Bloomberg and local sources on Tuesday that Eva Buza and economist Zoltan Kovacs will be nominated by the ruling Fidesz party to fill two expiring seats on the central bank's rate-setting Monetary Council. Parliament's economic affairs committee will hold a confirmation hearing of the two candidates on Monday, the sources said.
  • Hungary’s unemployment rate rose 4% in February, in-line with estimates and up from a rate of 3.9% in January.
  • Measures aimed at curbing inflation will remain in place until there is a noticeable improvement, MTI report citing Gergely Gulyas, who added that inflation had slowly started to decline and is expected to fall into single digits by the end of the year. Meanwhile, he said the government will decide on every price cap scheme two weeks before they are set to expire.
  • Prime Minister Viktor Orban will participate in the second day of an ongoing EU summit in Brussels today.
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