MNI: PBOC Net Drains CNY51.03 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Higher At 7.1364 Tues; -1.28% Y/Y

CHINA PBOC CONDUCTS CNY216.27 BILLION VIA 7-DAY REVERSE REPOS TUES

CHINA SETS YUAN CENTRAL PARITY AT 7.1364 TUES VS 7.1316

MNI China Daily Summary: Monday, July 29

MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

MNI: FRANCE Q2 FLASH GDP +0.3% Q/Q, +1.1% Y/Y

MNI: FRANCE JUN CONSUMER SPENDING -0.5% M/M, -1% Y/Y

Australia Jun Total Dwelling Approved -6.5%

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

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MNI BRIEF: No Rate/APP Reinvestment Deal To Slow Hike Pace-ECB

(MNI) London

There was no deal on the European Central Bank's Governing to end reinvestments for the Asset Purchase Programme early in return for slowing the pace of rate hikes to 25bp, ECB President Christine Lagarde said Thursday.

"Was it a deal? no. The general view it was the right move, although some might have preferred to wait until the June meeting," to announce, Lagarde said. Ending APP reinvestments would still leave it taking 12 to 15 years to run the APP to zero, Lagarde added. (See MNI INTERVIEW: ECB Could End APP Reinvestments In Q3 - Kazaks)

According to the earlier statement, flexible reinvestments of maturing bonds in the PEPP programme would continue "until at least the end of 2024."

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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