MNI China Daily Summary: Thursday, January 16

MNI: ITALY DEC FINAL HICP 0.1% M/M, 1.4% Y/Y

MNI: GERMANY FINAL DEC HICP 2.8% Y/Y, 0.7% M/M

MNI BRIEF: China Shipbuilding Up 13.8% In 2024

MNI: PBOC Net Injects CNY336.4 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Lower At 7.1881 Thurs; -2.18% Y/Y

MNI: UK NOV GDP 0.1% M/M, 0.0% 3M/3M, 1.0% 3M Y/Y

MNI: GERMAN DEC CPI +2.2 % Y/Y

MNI: UK NOV TRADE BALANCE GBP -4.76BN

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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HUNGARY: Advisor to PM Says Strong Dec CPI Print Came as No Surprise

HUNGARY
CEEMEAEM BulletBulletEmerging Market NewsHungary
  • Piroska Szalai, an advisor to the prime minister, said real wage growth was over 9pc - but closer to 10pc - in 2024. Szalai acknowledged that year-end CPI was a little high compared to the previous months, but said it came as no surprise because of base effects.
  • Natural gas capacity from Hungary to Slovakia will rise to 3.5bcm/year from 2.63bcm/year as of April 1, Hungarian gas transmission system operator FGSZ said in a statement.
  • The central bank will publish the minutes from its December rate-setting meeting at 13:00GMT/14:00CET. As a reminder, the central bank kept its base rate unchanged at 6.5% back then, as was widely expected, while Deputy Governor Virag remained hawkish. Our review can be found here.
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  • Piroska Szalai, an advisor to the prime minister, said real wage growth was over 9pc - but closer to 10pc - in 2024. Szalai acknowledged that year-end CPI was a little high compared to the previous months, but said it came as no surprise because of base effects.
  • Natural gas capacity from Hungary to Slovakia will rise to 3.5bcm/year from 2.63bcm/year as of April 1, Hungarian gas transmission system operator FGSZ said in a statement.
  • The central bank will publish the minutes from its December rate-setting meeting at 13:00GMT/14:00CET. As a reminder, the central bank kept its base rate unchanged at 6.5% back then, as was widely expected, while Deputy Governor Virag remained hawkish. Our review can be found here.