MNI: PBOC Net Injects CNY57 Bln Via OMO Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1315 Fri; -0.52% Y/Y

CHINA PBOC CONDUCTS CNY59 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1315 FRI VS 7.1285

MNI BRIEF: Fed's Bowman Wants A More Effective Discount Window

MNI BRIEF: Fed Risks Soft Landing If It Doesn’t Cut - Goolsbee

MNI BRIEF: Japan June Core CPI Rises 2.6% Vs. May +2.5%

CLARIFY: JAPAN JUNE SERVICES PRICES +1.7% Y/Y; MAY +1.6%

MNI JAPAN JUNE CORE CPI +2.6% Y/Y; MAY +2.5%

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

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South Africa May Harm Central Bank by Tapping Reserves, S&P Says (BBG)

SOUTH AFRICA
  • South Africa’s decision to tap profits on the country’s gold and foreign-exchange reserves to curb debt levels could impact the independence of the central bank, warned analysts at S&P Global Ratings.
  • “Granting government access to unrealized profits could politicize the SARB, and prioritize fiscal needs over broader monetary and economic stability,” S&P’s Zahabia Gupta and Frank Gill wrote in a note on Wednesday which was cited by Bloomberg.
  • “This plan is a convenient, but limited and temporary solution to the country’s long-standing fiscal challenges.”
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