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July 31 — At a regular foreign ministry briefing, CHINA said it had noted media reports that the US is planning military action against Cuba, including blockades, air strikes and ground invasion. CHINA urged Washington to immediately stop threatening

2026-07-31

July 31 — At a regular foreign ministry briefing, CHINA said it had noted media reports that the US is planning military action against Cuba, including blockades, air strikes and ground invasion. CHINA urged Washington to immediately stop threatening Cuba with force and to end any unilateral blockades or sanctions, and said it will continue to support Cuba’s sovereignty and oppose external interference.

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2026-07-30

Bank of England Governor Bailey said that, although there is little evidence so far, this does not rule out the risk of second‑round inflationary effects emerging later.

Bank of England Governor Bailey said that, although there is little evidence so far, this does not rule out the risk of second‑round inflationary effects emerging later.
2026-07-31

On July 30th, the DR007 rate closed at 1.4518%, the first decline since last Thursday. It further decreased to 1.4500% in early trading today, as the People's Bank of China (PBOC) injected funds through overnight reverse repurchase operations totalin

On July 30th, the DR007 rate closed at 1.4518%, the first decline since last Thursday. It further decreased to 1.4500% in early trading today, as the People's Bank of China (PBOC) injected funds through overnight reverse repurchase operations totaling 600 billion yuan daily for the third consecutive day. -------- Note: Short-term money market rates, such as DR007, reflect the adequacy of market liquidity. Besides loan rates for the real economy, many transactions in financial markets such as the stock and bond markets are essentially leveraged through loans, and the cost of these loans depends on short-term funding rates. DR007 is generally considered the benchmark for short-term interest rates in China. The difference between DR007 and the PBOC's 7-day reverse repurchase rate (policy rate) indicates whether the market is short of funds. If the DR007 rate is significantly higher than the policy rate, it indicates a shortage of funds, and the PBOC may intervene to inject liquidity; conversely, if the DR007 rate is lower, it indicates very ample market liquidity.
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