MNI: PBOC Net Drains CNY51.03 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Higher At 7.1364 Tues; -1.28% Y/Y

CHINA PBOC CONDUCTS CNY216.27 BILLION VIA 7-DAY REVERSE REPOS TUES

CHINA SETS YUAN CENTRAL PARITY AT 7.1364 TUES VS 7.1316

MNI China Daily Summary: Monday, July 29

MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

MNI: FRANCE Q2 FLASH GDP +0.3% Q/Q, +1.1% Y/Y

MNI: FRANCE JUN CONSUMER SPENDING -0.5% M/M, -1% Y/Y

Australia Jun Total Dwelling Approved -6.5%

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

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MINUTES: Jansson: Adjustment to repo-rate path "relatively cautious"

RIKSBANK
  • "That the price increase has become broad-based and more general means that the first line of defence against more persistently high inflation has been breached."
  • "My conclusion regarding the longer-term inflation expectations is therefore that the second line of defence against more persistently high inflation has not been breached. My thoughts on suitable monetary policy going forward are focused to a very high degree on designing it to ensure that this line of defence remains intact."
  • "The upward adjustment to the repo-rate forecast now being made is not insignificant but still relatively cautious, bearing in mind the magnitude of the rate hikes during previous rate-hike cycles and, above all, the inflation situation we have to cope with this time. The hope is that these rate hikes will be sufficient and that it will be possible to bring down inflation again without needing to depress aggregate demand too much"
  • "For this to work, Swedish price- and wage-setting must have confidence in the inflation target and give it its support. Greater monetary policy tightening can thereby be avoided, which is of course to everyone’s benefit."
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