MNI Brief: China Third Plenum To Deepen Reforms

MNI: PBOC Net Injects CNY80 Bln Via OMO Thurs; Rates Unchanged

CHINA PBOC CONDUCTS CNY100 BILLION VIA 7-DAY REVERSE REPOS THURS

MNI: PBOC Sets Yuan Parity Higher At 7.1270 Thurs; -0.78% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1270 THURS VS 7.1248

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ANZ Business Sentiment Mixed, Price Measures Trending In The Right Direction

Job Vacancies Continue To Correct Lower, Inflation Expectations Tick Up

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MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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Section 89 Procedure Begins This Week, But Unlikely to Make Major Progress

SOUTH AFRICA
Section 89 procedure (removal of President) now underway in South Africa, with the panel investigating the Phala Phala farm scandal

  1. Independent panel has 30 days to judge whether there is sufficient evidence to proceed with inquiry
  2. If yes, Impeachment Committee investigates and makes recommendation to National Assembly
  3. The House then schedules a debate among lawmakers on the report's findings
  4. The impeachment question is put to a vote among lawmakers
  5. If two-thirds of members support impeachment, President is removed (bear in mind ANC has 230 seats, 57.5% of lawmakers, so this is steep ask)

Step 1 has begun, as of this week.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
EM BulletHomepagemarkets-real-timePolitical RiskPolitical Risk BulletBulletEmerging Market News
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
EM BulletHomepagemarkets-real-timePolitical RiskPolitical Risk BulletBulletEmerging Market News

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