MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: PBOC Sets Yuan Parity Lower At 7.1270 Fri; -0.95% Y/Y

CHINA PBOC CONDUCTS CNY358.05 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1270 FRI VS 7.1321

MNI BRIEF: Treasury's Yellen: Inflation Moving To Fed's Target

Japan Tokyo Jul Core CPI +2.2% Y/Y

MNI BRIEF: Japan July Tokyo Core CPI Rises 2.2% Vs. June's 2.1%

MNI JAPAN JULY TOKYO CORE CPI +2.2% Y/Y; JUNE +2.1%

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

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VIEW: HSBC Still Lean Towards Hike Tomorrow, But Note Risks Of No Move Post-CPI

BOE

HSBC note that “the big downside surprise to core inflation throws the Bank of England a major curveball as it gears up to announce its policy decision tomorrow. Particularly in light of that continued strength in wage growth, our central case is for a (final) 25bp rate rise, bringing Bank Rate to 5.50% before the MPC takes a prolonged pause. But today's data raises a risk that the MPC will remain on hold, implying that policy rates are already at their peak.”

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
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