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Mexico Economic Activity Eyed, BanRep Decision Friday

LATAM
  • The latest results of the weekly BCB Focus survey will be posted shortly. Following this, Brazil current account data and Mexico economic activity are scheduled. One of the main events this week in LatAm will be the June 30 Banrep meeting/decision.
  • China will likely roll out more fiscal policies to support the economic recovery after cuts to key lending rates by the central bank, China Securities Journal said in a front-page report on Monday. The nation may accelerate the issuance of special local government bonds and largely use year’s quota by end-3Q, said Gao Ruidong, chief economist at Everbright Securities.
  • Recent moves in currency market are seen as rapid and one-sided, Japan’s top currency official Masato Kanda says. Watching market with strong sense of urgency and won’t rule out any options when it comes to handling currency matters appropriately, Kanda tells reporters in Tokyo.
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