MNI China Daily Summary: Friday, February 3

MNI BRIEF: Professional Forecasters Up Inflation Outlook: ECB

MNI BRIEF: China To Fully Reopen Borders With HK and Macau

US Treasury Auction Calendar

Coming up in the Asia-Pac session on Monday

MNI DATA FORECASTS: RBA, Riksbank In Focus

(RPT)MNI INTERVIEW: BOC In One And Done Zone - Chamber

Rpt- MNI INTERVIEW: BOC Losses May Dent Inflation Fight- Tombe

MNI BRIEF: EU Sees Statement After UK-EU Talks This Afternoon

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AUSTRALIA

RBA Focus Of The Week; 25bp Hike Expected, Forecasts On Friday

CNH

USD/CNH Back Above 6.8000, US-China Relations In Focus

RATINGS

Affirmations Across The Board On Friday

NEW ZEALAND

Markets Closed On Monday

AUD

AUDUSD Lower Again In Early Trading On Weaker Commodities

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NBP Expected to Hike Rates 25bps in Close Decision

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EM BulletHomepagemarkets-real-timeBulletEmerging Markets News
  • MNI sees the NBP raising rates to 7.00% this meeting amid persistent upward pressure in both core and non-core components of inflation. This is likely to have tilted the balance between a rate hike and no change despite a number of board members expressing preference of an end to the rate hike cycle.
  • Sell-side analysts are split between a 25bps hike and no change, with Governor Glapinski expressing his support for the former. See full MNI Preview with sell-side analyst views here: NBPPreviewNov22.pdf (rbl.ms)
  • The timing of the rate announcement is to be confirmed, with media usually getting a 15 minute warning prior to the decision. The October and September rate decisions came at 1425 UK time (1525 CET) and 1420 UK time (1520 CET) respectively.

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  • MNI sees the NBP raising rates to 7.00% this meeting amid persistent upward pressure in both core and non-core components of inflation. This is likely to have tilted the balance between a rate hike and no change despite a number of board members expressing preference of an end to the rate hike cycle.
  • Sell-side analysts are split between a 25bps hike and no change, with Governor Glapinski expressing his support for the former. See full MNI Preview with sell-side analyst views here: NBPPreviewNov22.pdf (rbl.ms)
  • The timing of the rate announcement is to be confirmed, with media usually getting a 15 minute warning prior to the decision. The October and September rate decisions came at 1425 UK time (1525 CET) and 1420 UK time (1520 CET) respectively.