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

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Japan Tokyo Jul Core CPI +2.2% Y/Y

MNI BRIEF: Japan July Tokyo Core CPI Rises 2.2% Vs. June's 2.1%

MNI JAPAN JULY TOKYO CORE CPI +2.2% Y/Y; JUNE +2.1%

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

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Pavel Meets ANO Lawmakers To Discuss Pension Bill, Industrial PPI Slows More Than Forecast

CZECHIA
  • President Petr Pavel told Hospodarske Noviny that he is close to making a decision on whether he will support the government's plan to slow pension growth. He noted that he does not expect his decision to increase his popularity as he will come under criticism whatever his stance will be. The leader will meet representatives of the main opposition ANO party to discuss the bill before he announces his own position. If he refuses to sign off on the bill, the lower house can override his veto with an absolute majority of votes, but the repeated parliamentary debate would most likely be filibustered by the opposition raising the risk of a failure to pass the legislation by the government's March 22 deadline.
  • The local political calendar is quite busy today. The Cabinet holds its regular meeting this morning, while the Chamber of Deputies' budget committee will debate the CNB's monetary policy report.
  • Czechia's industrial PPI for February came in at +16.0% Y/Y (median est. +16.8%) after +19.0% recorded in the previous month.
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