MNI China Daily Summary: Monday, July 29

MNI: China CFETS Yuan Index Up 0.15% In Week of Jul 26

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

MNI: PBOC Sets Yuan Parity Higher At 7.1316 Mon; -1.56% Y/Y

CHINA PBOC CONDUCTS CNY301.57 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1316 MON VS 7.1270

MNI: UK BOE JUN MORTGAGE APPROVALS 59,976

MNI: UK JUN M4 MONEY SUPPLY +0.5% M/M, +1% Y/Y

Riksbank Shouldn’t Place Too Much Weight On The Q2 GDP Indicator

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

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MNI Banxico Preview - August 2022

MEXICO
  • A little under two hours until the August Banxico decision
  • Banxico are expected to raise rates by 75bps from 7.75 to 8.50% at the August meeting.
  • Ongoing pressures to headline and core inflation, rising inflation expectations and the Fed’s hawkish stance all warrant a continuation of the aggressive pace of tightening seen in June.
  • The decision is expected by all surveyed analysts and would be in line with the central bank’s most recent guidance.
  • Despite this, focus will turn to any signals within the statement regarding the depth of the current cycle and whether a hike of the same magnitude can be expected in September.
  • Link to view the full preview with analyst views: https://roar-assets-auto.rbl.ms/documents/17889/MNI%20Banxico%20Preview%20-%20August%202022.pdf

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