PBOC conducted a CNY32 bln 7-day reverse repo today; bids CNY32 bln, allotment CNY32 bln, operation rate 1.40%.

Turkey's foreign minister said the current Middle East crisis can no longer be economically tolerated.

On the 19th, Slovak Prime Minister Fico said the Russia-Ukraine war is not Slovakia’s war and Slovakia should not be drawn into a direct military confrontation between NATO and Russia. He said parties seeking to provoke a NATO-Russia military clash should assume responsibility rather than shifting risk onto other NATO members. Fico called for immediate peace talks, warned further military escalation would raise European security and economic risks, and urged a more rational approach to NATO’s Article 5 collective-defense clause.