BOC SAYS DOESN'T NEED TO ALTER PATH OF QT RIGHT NOW

this is a test, please ignore

MNI BRIEF: Text of Bank Of Canada Interest-Rate Decision

MNI China Daily Summary: Wednesday, July 24

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

MNI: PBOC Sets Yuan Parity Higher At 7.1358 Weds; -0.98% Y/Y

US Treasury Auction Calendar

EZ/UK Bond Supply Calendar: BTP Short Term and BTPeis on Thursday

EZ/UK T-Bill Calendar: Italy, UK Auction on Friday

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

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Ramaphosa to Address Energy Woes in Parliament

SOUTH AFRICA
  • President Ramaphosa is to address parliament later today, with the President seen focussing on energy issues and his government’s progress after a pledge made in July to institute emergency energy measures to head off load-shedding and power cuts. A similar address pencilled in for September had to be scrapped due to disruption in the chamber – a risk that remains today.
  • Yesterday marked the publication of the first Zaronia rate, a new overnight index average, from the SARB. Zaronia has been earmarked as the preferred successor rate to JIBAR, although a formal cessation date for JIBAR has yet to be decided.
  • The Nehawu, Denosa, Popcru and Hospersa public sector unions are set to strike today, representing 800,000 workers after rejected a 3% pay rise offer with R1,000 gratuity payments.
  • Commenting on Godongwana’s MTBPS, the IMF have backed the finance minister’s decision to cut debt requirements and hold back on windfalls, however added that the government’s fiscal targets may be too optimistic. The IMF see substantial risk in public sector pay packets, SOEs and a possible basic income grant.
  • Daily Maverick writes that the Treasury’s attempts to avoid greylisting by the FATF has hit hurdles in parliament, with MPs pushing against bill proposals and demanding clarity from the finance minister.
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
EM BulletHomepagemarkets-real-timeBulletEmerging Market News

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.