BOC SAYS DOESN'T NEED TO ALTER PATH OF QT RIGHT NOW

this is a test, please ignore

MNI BRIEF: Text of Bank Of Canada Interest-Rate Decision

MNI China Daily Summary: Wednesday, July 24

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

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

US Treasury Auction Calendar

EZ/UK Bond Supply Calendar: BTP Short Term and BTPeis on Thursday

EZ/UK T-Bill Calendar: Italy, UK Auction on Friday

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

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

Mining Royalty and Pension Bills To Be Discussed

CHILE
  • At 10:30am local time, Chile’s senate mining committee will debate a mining royalty bill. On Monday, President Boric confirmed he would present the amended bill. Recall that last week, Finance Minister Mario Marcel told legislators that the government would amend the mining royalty bill to cap the maximum effective tax rate at 47% of operating profit from 48%, Diario Financiero reported. For companies producing less than 80,000 tons, the maximum tax burden would be 45.5%.
  • Separately at 3pm local, Chile’s lower house constitutional committee will debate legislation that would allow Chileans to withdraw more funds from their retirement accounts. Both the President and finance minister Mario Marcel have been very vocal of how another round f pension withdrawals would be detrimental for Chilean citizens.
  • On Monday, the central bank traders survey showed that participants have reduced their inflation expectations and they now forecast the commencement of monetary easing in July with a 25bp cut. The key rate is then expected to be reduced to 9.5% by October.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

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.