MNI China Daily Summary: Monday, July 29

MNI: China CFETS Yuan Index Up 0.15% In Week of Jul 26

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

MNI: PBOC Sets Yuan Parity Higher At 7.1316 Mon; -1.56% Y/Y

CHINA PBOC CONDUCTS CNY301.57 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1316 MON VS 7.1270

MNI: UK BOE JUN MORTGAGE APPROVALS 59,976

MNI: UK JUN M4 MONEY SUPPLY +0.5% M/M, +1% Y/Y

Riksbank Shouldn’t Place Too Much Weight On The Q2 GDP Indicator

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

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Powerful Interior Minister Avakov Resigns

UKRAINE

Ukrainian politics has been rocked by the snap resignation of Interior Minister Arsen Avakov. There has been no official reason given for his stepping down after seven years heading the interior ministry, a tenure that makes him Ukraine's longest-serving minister in its democratic history.

  • The resignation offer must now be debated and voted upon by members of parliament.
  • A 2020 article in the Kyiv Post called Avakov Ukraine's "second-in-command" after President Volodymyr Zelensky, who praised him as "one of the most effective state officials."
  • Avakov came to office in 2014 following the Maidan protests that ousted pro-Russian president Viktor Yanukovych, and in his tenure served under two presidents and four prime ministers of different political stripes.
  • There have been criticisms of Avakov that he did not implement sufficient reforms to the police during his time in office, but this hardly seemed to dent his seeming impenetrability to political damage.
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