India liquidity operations. The Reserve Bank of India will conduct a four day variable rate repo auction under the Liquidity Adjustment Facility on Monday November 9, for a notified amount of 50,000 crore rupees, with a bidding window of 9:30 to 10:00 a.m. and reversal on Friday November 13. The RBI said the auction follows a review of current and evolving liquidity conditions in the near term. The bank has also notified its regular auction of 91 day, 182 day and 364 day Treasury bills. Both operations are routine liquidity and cash management, and neither signals a change in the policy stance.
Bank of Japan bond market group. The Bank of Japan will hold the 25th round of its Bond Market Group meetings at its head office on December 7 and 8, with commercial banks and securities firms on December 7 and the buy side group on December 8. The bank will explain the results of its Bond Market Survey and hear market participants on the functioning of the Japanese government bond market. The meetings fall ten days before the Bank’s December 17 to 18 monetary policy meeting, at which its bond purchase plans are a standing item.
Japan releases this week. The Bank of Japan publishes the Summary of Opinions from its October 29 to 30 policy meeting on Tuesday November 10, the first full account of the board’s debate since the September minutes showed members discussing faster rate increases. The Ministry of Finance auctions 30 year Japanese government bonds the same day, a reopening of the October issue maturing September 20, 2056, for issue on November 11.
Minutes due Tuesday. Brazil’s central bank publishes the minutes of its latest Copom meeting on Tuesday November 10, and Sweden’s Riksbank publishes the minutes of its September 23 monetary policy meeting the same day. Both dates are per the release calendars carried in this site’s November 6 edition; the Riksbank publication is also the bank’s next scheduled word after the reserve financing plan it set out on November 4, covered here on November 7.