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

MNI BRIEF: China Yuan Supported By Exports, Short Swing Sees

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

Job Vacancies Continue To Correct Lower, Inflation Expectations Tick Up

Business Sentiment Eases, But Export Outlook Ticks Higher

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

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

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Simsek Urges for “Patience” to Reverse “Challenging” Conditions

TURKEY
  • In an interview with FT, Finance Minister Simsek said he was seeking to “rebalance the economy and soften domestic demand”, after years of unconventional economic policies pursued by President Erdogan. Simsek said the president had thrown his “support and commitment” behind the policy U-turn, adding that “We’re on the right track. There is strong evidence confidence is returning. But we need to be patient, it’s still challenging.”
  • The European Bank for Reconstruction and Development revised Turkey GDP growth estimate to 3.5% for 2023 from a forecast of 2.5% in May. The upward revision for 2023 reflects strong growth in the first half of the year, driven by pre-election fiscal stimulus, although growth is expected to slow in 2H, EBRD says.
  • There are no notable data releases on the docket today. Trade balance data will cross on Friday (Est: -$8.90bln).
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