MNI BRIEF: Foreign Firms Content In China

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: PBOC Sets Yuan Parity Lower At 7.1270 Fri; -0.95% Y/Y

CHINA PBOC CONDUCTS CNY358.05 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1270 FRI VS 7.1321

Unemployment Falls To 11.3% In Q2, Driven By Services

1 and 3-Year Consumer Inflation Expectations Remain Unchanged

MNI: ECB 1-YEAR CONSUMER INFLATION EXPECTATIONS 2.8%

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

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NBH Rate Decision Takes Focus with Moderation in Pace of Easing Expected

HUNGARY
  • Having completed the process of rate convergence with a 100bp cut to the one-day deposit rate last month, the NBH are likely to moderate the pace of its easing cycle at this meeting given heightened market uncertainty surrounding Israel-Palestine matters. Among sell-side, expectations are unanimous that the scale of rate cut be reduced at this meeting. Of the views we have previewed, most are expecting a 75bp cut to the base rate.
  • Hungary’s average gross wages rose 15.3% y/y (Est: +14.8%) in August versus +15.3% in July, according to the Central Statistical Office.
  • Meanwhile, GKI economic sentiment was unchanged at -17 in October from September, according to the GKI Economic Research. Business confidence fell to -10.5 from -9 while consumer confidence rose to -35.6 from -39.6.
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