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

MNI: SWEDEN JUN UNEMPLOYMENT 9.4%

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

Japan Tokyo Jul Core CPI +2.2% Y/Y

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

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NBP Governor Says Inflation Will Peak Around +18.5%, Ease To +6%-7% This Year

NBP

Polish central bank chief says that he expects headline inflation to peak below +20.0% Y/Y, likely around +18.5% in February.

  • Governor Glapinski pushes back against more hawkish inflation forecasts and criticises one of his MPC colleagues (likely Ludwik Kotecki, albeit Glapinski refuses to name him) for earlier forecasting an inflation rate of +24.0%.
  • The Governor says that we are nearing a moment when real wages will start rising again. He argues that it matters for households that wages grow faster than prices, even if price growth is fast.
  • Adam Glapinski notes that he personally expects headline inflation to be just above +7% Y/Y in November but it could be between +6% and +7% in an optimistic scenario.
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