MNI: PBOC Sets Yuan Parity Lower At 7.1228 Thurs; +2.24% Y/Y

MNI: PBOC Net Drains CNY218.4 Bln via OMO Thursday

CHINA PBOC CONDUCTS CNY359.3 BILLION VIA 7-DAY REVERSE REPOS THURS

CHINA SETS YUAN CENTRAL PARITY AT 7.1228 THURS VS 7.1307

MNI BRIEF: BOK Holds Rate, Downgrades GDP, CPI View

MNI: PBOC Net Drains CNY111.2 Bln via OMO Wednesday

MNI: GERMANY AUG FLASH MANUF PMI 42.1 (FCST 43.3); JUL 43.2

MNI: NORWAY MAY MAINLAND GDP +0% M/M, AGG GDP +2.3% M/M

Preliminary August PMIs Improve, But Manufacturing Still Sub 50.0

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

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SARB Governor Says Central Bank Has No Tools To Deal With Unemployment

SOUTH AFRICA
  • SARB Governor Lesetja Kganyago called elevated unemployment a "structural problem" in South Africa, which the central bank doesn't have tools to deal with. The nation's official unemployment rate at 32.9% is among the highest in the world. Kganyago's comments come after some senior ANC officials suggested that the central bank's mandate should be expanded to include job creation alongside keeping inflation in check.
  • Energy Minister Gwede Mantashe deflected blame for ongoing power outages and continued to accuse outgoing Eskom CEO De Ruyter and his management team of treason. Meanwhile, the electricity utility is set to run out of diesel needed to operate its open-cycle gas turbines (OCGTs) within two weeks and is struggling to find quick fixes of the problem.
  • The local economic docket is virtually empty through the rest of this week, which keeps the Eskom situation in the limelight. The SARB will meet to decide on interest rates next Thursday.
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