MNI China Daily Summary: Monday, July 22

MNI BRIEF: PBOC Lowers Ceiling of Its Interest Corridor

MNI: China CFETS Yuan Index Down 0.05% In Week of Jul 19

MNI: PBOC Sets Yuan Parity Higher At 7.1335 Mon; -1.18% Y/Y

MNI: PBOC Conducts CNY58.2 Bln Via OMO Mon; 7day Repo Rate Cut

MNI BRIEF: PBOC Cuts 7-Day Repo Rate By 10bp

CBRT Data Watch

NBH Data Watch

Pay concerns push back easing expectations; curve flattens

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

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Turkish Economy Slows Less Than Forecast

TURKEY
  • GDP expanded an annual 3.8% from a downwardly revised 3.9% in the first three months of the year, according to data published on Thursday. Estimates in a Bloomberg survey of analysts ranged widely, with the median forecast at 3.1%. Quarterly growth quickened to 3.5% in seasonally and working-day adjusted terms, as household consumption remained strong owing to heavy pre-election spending.
  • The benchmark Borsa Istanbul equity index opened the session close to 1% higher and within close proximity of both the 8000.00 level and Tuesday’s record highs.
  • Foreign Minister Hakan Fidan is expected to hold a press conference with Russian counterpart Sergei Lavrov in Moscow. The pair are expected to discuss the Black Sea grain deal as well as other bilateral issues. President Erdogan will speak in Istanbul at 1330BST/1530 local time.
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