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JAPAN

LDP Suffers Setback In Upper House By-Elections

AUSSIE BONDS

AUCTION‌ ‌PREVIEW:‌ ACGB Nov-24 Supply Due

NZD

Kiwi Slightly Lower, Local Markets Shut

JGB TECHS

(Z1) Edging Lower

MNI Point of View:

  • This week's monetary policy meeting seems poised to be another non-event, with policymakers facing conflicting demands of their policy mandate. With inflation still subdued and the rupiah still vulnerable, the MPC will likely stand pat on the 7-day reverse repo rate. Elevated uncertainty around the local Covid-19 outbreak provides another reason for policymakers to hold fire this time, while green shoots in high-frequency economic recovery mean that they are in a position to wait and watch upcoming developments.
Please use the following link to access the full preview:

MNI BI Preview May 2021.pdf

MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com