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

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President and Finance Minister Expected to Speak

COLOMBIA
  • Colombia President Gustavo Petro and Finance Minister Jose Antonio Ocampo are scheduled to speak at a conference late in the afternoon on Friday.
  • Yesterday, BanRep co-director Roberto Steiner spoke on a panel at Cartagena banking conference. He said the pace of growth in the loan portfolio is concerning, however, higher interest rates should soon curb that rate of growth; this is already starting to happen.
    • Sees inflation slowing in some consumer goods, including food.
    • Asked if the central bank might further increase the pace of interest rate hikes, said “I don’t think the current conditions are there to accelerate the withdrawal of monetary stimulus”.
  • The full reopening of the Colombia-Venezuela border will come sooner rather than later, but will depend on legal conditions and the overall re-establishment of bilateral ties, Colombia's commerce minister said on Thursday. (Reuters)
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