MNI China Daily Summary: Friday, June 28

MNI BRIEF: PBOC Pledges to Curb Any Overshoot Of The Yuan: MPC

MNI: PBOC Net Injects CNY40 Bln Via OMO Fri; Rates Unchanged

CHINA PBOC CONDUCTS CNY50 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Lower At 7.1268 Fri; -0.32% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1268 FRI VS 7.1270

Inflation Slowed in June, Shaking Off May Hotel Price Jump

Broad-based Deceleration In June Core Metrics

MNI: ITALY JUN FLASH HICP +0.2% M/M, +0.9% % Y/Y; MAY +0.8% Y/Y

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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UK PM: US Should Step Up More On Climate Change

UN

UK PM Boris Johnson giving a presser on the environment alongside UN Sec-Gen Antonio Guterres ahead of the high-level General Debate beginning tomorrow in New York. Johnson playing prominent role at UN this week as UK due to host COP26 summit in Glasgow in November.

  • GlobalActionPW (a pressure group that reports on environmental/conflict matters from the UN) tweets:
    • "Now at UN press briefing on climate action, UK PM Johnson cites "faint signs of progress" including from those states "staring down the barrel" at climate catastrophe."
    • "Notes that those responsible for most emissions must do more to help. Johnson cites our "glorious indifference" to climate threats, insists that COP 26 will be a moment when we "grow up" in relation to our climate responsibilities."
    • "Urges "security of supply" on renewable energy. Johnson cites "positive commitments" on climate action but notes that "we are not counting our chickens." Expresses the hope that the US will step up more on climate action, including on green technology transfer"
  • For the next two months, significant policy focus from gov'ts around the world likely to turn to environmental affairs as COP26 approaches. Particularly in UK, which hosts the summit.
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