MNI: PBOC Conducts CNY200 Bln via MLF Thurs; Rate Cut

MNI: PBOC Sets Yuan Parity Lower At 7.1321 Thurs; -1.92% Y/Y

CHINA PBOC CONDUCTS CNY235.1 BILLION VIA 7-DAY REVERSE REPOS THURS

CHINA SETS YUAN CENTRAL PARITY AT 7.1321 THURS VS 7.1358

MNI China Daily Summary: Wednesday, July 24

MNI: PBOC Net Drains CNY203.9 Bln Via OMO Wednesday

MNI: JAPAN JUNE SERVICES PPI +3.0% Y/Y; MAY REV +2.7%

MNI BRIEF: Japan June Services PPI Rises 3.0% Vs. May's 2.7%

US Treasury Auction Calendar

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

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Powell Defends Fed's QE Pace, Purchases

FED

Q: At what point is it prudent to shift bond purchases from market stability from shorter term to more longer term for stimulus?

A: "We think that our asset purchases are doing both those things today." Progress in market functioning; in a good place now. "These asset purchases which total $120B/month which is much larger than for example the last asset purchase program during the global financial crisis and the recovery there from.

We think that's also important to providing accommodating positions and supporting growth and that's fine. We also think there are ways we can adjust that to do various things to make it smaller and larger and also continue to monitor investments and we're prepared to adjust our plans as appropriate."

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