MNI China Press Digest July 17:  Investment, LPR, H2 Priority

MNI BRIEF: NZ CPI Prints Lower Than Expected At 3.3% Y/y

MNI: PBOC Net Injects CNY268 Bln Via OMO Wed; Rates Unchanged

CHINA PBOC CONDUCTS CNY270 BILLION VIA 7-DAY REVERSE REPOS WED

MNI: PBOC Sets Yuan Parity Lower At 7.1318 Wed; -1.32% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1318 WED VS 7.1328

June Exports Miss, Electronic Exports Fall, Lagging Other Parts Of Asia

EZ/UK Bond Supply Calendar: Greece, UK, Germany Due Wednesday

EZ/UK T-Bill Calendar: Portugal, EU Auction on Wednesday

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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Orban Attends EU Summit, FinMin Says 2.4% Growth Forecast Seems Realistic

HUNGARY
  • Party affiliation will not be the main question at the European parliamentary elections but whether someone has a pro-peace or pro-war stance, Prime Minister Orban said during a radio interview this morning.
  • Finance Minister Mihaly Varga pointed out yesterday that the European Commission’s latest forecast predicts 2.4% growth for the Hungarian economy this year, a figure deemed realistic by the minister. Varga stressed the difficulty of achieving sustainable growth with a large budget deficit, which is planned to decrease to 4.5% this year, 3.7% next year and to 2.9% in 2026.
  • Prime Minister Orban will attend the second day of the EU summit in Brussels.
  • There are no economic releases scheduled for today as attention turns to the NBH rate decision next Tuesday. A more cautious approach to easing will likely be justified, with a smaller rate hike than the 100bps delivered in February expected at the meeting.
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