MNI China Daily Summary: Wednesday, July 10

MNI BRIEF: China To Investigate EU Trade Actions

MNI BRIEF: China June CPI Hits Three Month Low

MNI: PBOC Conducts CNY2 Bln Via OMO Weds; Liquidity Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

MNI: PBOC Sets Yuan Parity Higher At 7.1342 Weds; -0.53% Y/Y

MNI:US MAY WHOLESALE INV 0.6%; SALES 0.4%

MNI: US MBA: MARKET COMPOSITE -0.2% SA THRU JUL 05 WK

US MBA: REFIS -2% SA; PURCH INDEX +1% SA THRU JULY 5 WK

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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Mora Stresses Further Rate Rises Could be Necessary

CZECHIA
  • Speaking to E15 press, CNB’s Mora states that he wants to return inflation to the bank’s 2% target by raising interest rates further. He states that while inflation is probably at or near the peak, rapid wage growth, a tight labour market and a widening deficit are all inflationary factors.
  • Mora was among the minority of the board to vote for rates rises at the past two meetings, and follows Dedek’s comments earlier this week that rate hikes would be favoured should the CZK come under pressure.
  • IPSOS polling shows around two-thirds of respondents see prices rising further in the net three months, as inflation rises, with 29% of respondents expecting their rise in spending to be “significant”.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
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MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
EM BulletHomepagemarkets-real-timeBulletEmerging Market News

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