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MNI: PBOC Net Drains CNY220 Bln Thursday via OMO

CHINA PBOC INJECTS CNY110 BILLION VIA 7-DAY REVERSE REPOS THURS

CHINA SETS YUAN CENTRAL PARITY AT 7.1874 THURS VS 7.1894

MNI:AUSTRALIA AUG UNEMPLOYMENT RATE +3.7%

Japan Jul Machine Orders -1.1% M/M

MNI JAPAN JULY CORE MACHINE ORDERS -1.1% M/M; JUNE +2.7%

MNI BRIEF: Canada Shows No Progress Closing Housing Shortfall

MNI BRIEF: Highlights From BOC Governor Macklem Speech

MNI BRIEF: Finance Minister Calls BOC Pause 'Welcome Relief'

/ VIEW: Andy Chaytor and Anne Karina Asbjorn....>

BOE
BOE: / VIEW: Andy Chaytor and Anne Karina Asbjorn of Nomura say that since the
November inflation report "interest rates (short sterling and gilt yields) have
fallen" with the short sterling curve "now not fully pricing in a 25bp rate rise
until early 2019" later than what the market was pricing ahead of Nov MPC
meeting.
- Nomura see a risk that if the markets continues to price out future rate hikes
"the greater the likelihood the BoE ends up repeating its mantra from last
autumn" -- "monetary policy could need to be tightened by a somewhat greater
extend over the forecast period than current market expectations". And see a
risk that this could come as early as Feb MPC meeting.
- Nomura believe that four rather than two rate hikes over the next 2-years are
needed to bring inflation back to target by end of forecast horizon and see rate
rising in May and November of 2018 and 2019.
MarketsFixed Income NewsForeign Exchange News
MarketsFixed Income NewsForeign Exchange News

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