MNI China Daily Summary: Wednesday, July 10

MNI BRIEF: China To Investigate EU Trade Actions

MNI BRIEF: China June CPI Hits Three Month Low

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

MNI: US MBA: MARKET COMPOSITE -0.2% SA THRU JUL 05 WK

US MBA: REFIS -2% SA; PURCH INDEX +1% SA THRU JULY 5 WK

Indeed Wages Tick Higher, But Future Revisions Are Likely

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Lagarde: We Didn't Discuss Phasing Out PEPP

ECB
  • Q: What would the ECB need to see to return PEPP to the normal pace of purchases? The Bank Lending Survey (BLS) shows banks expect to tighten credit conditions. Is this a worrying sign in your assessment of financial conditions?
  • Re PEPP: We did not discuss any phasing out of PEPP as it is simply premature. Any determination concerning the purchase pace is data dependent and not done on a calendar basis.
  • Re financial conditions: Loans in volume terms have slightly increased over the last quarter for the NFC sector and has remained roughly the same for households. This is backward looking. The BLS is more forward looking. BLS indicates that there is moderate tightening as opposed to the stronger tightening in the previous two surveys. In addition, banks indicate that there will be less demand from the NFC sector.
  • TLTROs are playing a critically important role in helping in bank lending operations. The takeup of the last TLTRO is evidence that banks are drawing benefits from these operations.
BulletMarketsFixed Income BulletsForeign Exchange Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.