MNI China Daily Summary: Tuesday, July 23

MNI: PBOC Net Drains CNY408.7 Bln Via OMO Tues

MNI: PBOC Sets Yuan Parity Lower At 7.1334 Tues; -1.30% Y/Y

CHINA PBOC CONDUCTS CNY267.3 BILLION VIA 7-DAY REVERSE REPOS TUES

CHINA SETS YUAN CENTRAL PARITY AT 7.1334 TUES VS 7.1335

MNI PBOC WATCH: PBOC Cuts 7-Day Rate As Reconfigures Framework

Core Goods Pipeline Pressures Yet To Stall Disinflation Progress (1/2)

MNI: US JUL PHILADELPHIA FED NONMFG INDEX -19.1

EZ/UK T-Bill Calendar: 3/6-Month RATB Auction on Tuesday

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

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MNI BRIEF: NBH Cuts Base Rates By 25Bp To 6.75%

(MNI) LONDON
National Bank of Hungary decides against holding key interest rates on Tuesday
HomepageEM Policy NewsCEEMEAEM BriefEM Central Bank NewsGlobalStoryHungaryRegionNational Bank of Hungary

MNI (LONDON) - The National Bank of Hungary lowered its base rate by 25 basis points to 6.75% on Tuesday.

Analysts were divided over whether the NBH would stand pat or opt for a second successive quarter-point cut, with core inflation proving sticky despite headline inflation continuing to fall, though MNI had reported that the Bank was preparing to frontload easing without adjusting its likely year-end landing zone for rates. (See MNI EM POLICY: NBH Leans Towards July Cut, Outlook Unchanged)

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MNI (LONDON) - The National Bank of Hungary lowered its base rate by 25 basis points to 6.75% on Tuesday.

Analysts were divided over whether the NBH would stand pat or opt for a second successive quarter-point cut, with core inflation proving sticky despite headline inflation continuing to fall, though MNI had reported that the Bank was preparing to frontload easing without adjusting its likely year-end landing zone for rates. (See MNI EM POLICY: NBH Leans Towards July Cut, Outlook Unchanged)