MNI China Daily Summary: Thursday, July 25

MNI BRIEF: Japan Govt Keeps Econ View, Cuts Exports

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

Aircraft-Led Durables Collapse Masks Rebound In Core Orders

MNI: BELGIUM JUL BNB BUSINESS SURVEY -12.3

MNI: US Q2 GDP +2.8%

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

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PSPP Net Purchases Pick Up Sharply

ECB

The ECB posted its strongest net asset purchases in a month in the week to May 13, rising E12.8bln (vs E8.6bln a week prior).

  • Net PSPP came in at E9.7bln, up sharply from E3.8bln prior; PEPP purchases slipped to E1.8bln from E2.8bln (albeit amid E4.1bln of redemptions). The sizes of the Covered Bond and ABS portfolios changed little, with CSPP up E1.1bln.
  • Despite net rises in the past two weeks, over the course of the past 4 weeks, overall net PEPP purchases have been completely flat (positive E4.8bln in the first two weeks of May, vs negative E4.6bln in the last two weeks of April) - in keeping with the end of net asset purchases under PEPP in March.


ECB Net Asset Purchases W/EPSPP Cov BdCSPPABSPEPPTOTAL
25-Mar-225.40.61.50.23.110.9
1-Apr-22-6.3-0.32.4-0.2-1.8-6.1
8-Apr-2211.90.81.80.20.415.1
15-Apr-2214.90.80.40.15.321.5
22-Apr-225.0-0.50.8-0.2-3.91.2
29-Apr-223.2-0.32.0-0.4-0.73.8
6-May-223.81.01.00.02.88.6
13-May-229.70.01.10.11.812.8
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