MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI: US NOV CPI 0.3%, CORE 0.3%; CPI Y/Y 2.7%, CORE Y/Y 3.3%

MNI: US NOV SUPERCORE CPI (CORE SERVICES EX-HOUSING) 0.342%

MNI: US NOV CPI UNROUNDED M/M 0.313%, CORE 0.308%

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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ARGENTINA: BCRA Plans To Introduce Dollar Credit Cards, Governor Bausili Speaks

ARGENTINA
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  • The BCRA is working with banks and credit card companies to enable debt cards denominated in dollars, the central bank’s president Santiago Bausili has said in a post on X. He said that the regulations are all ready, the implementation requires systems and security that is being developed. Bausili did not give a timeline, though Infobae has reported that the cards would be ready by year-end, citing the BCRA.
  • Today, Bausili is scheduled to speak at the country’s annual monetary and banking conference in Buenos Aires at 1330BST(0830ET). Minneapolis Federal Reserve President Neel Kashkari will also speak in a panel on “Fiscal Deficits, Monetary Policy and Inflation” at the conference at 1400BST(0900ET).
  • No domestic macro data are due today, with focus this week on September budget balance figures on Wednesday and latest trade numbers on Friday.
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  • The BCRA is working with banks and credit card companies to enable debt cards denominated in dollars, the central bank’s president Santiago Bausili has said in a post on X. He said that the regulations are all ready, the implementation requires systems and security that is being developed. Bausili did not give a timeline, though Infobae has reported that the cards would be ready by year-end, citing the BCRA.
  • Today, Bausili is scheduled to speak at the country’s annual monetary and banking conference in Buenos Aires at 1330BST(0830ET). Minneapolis Federal Reserve President Neel Kashkari will also speak in a panel on “Fiscal Deficits, Monetary Policy and Inflation” at the conference at 1400BST(0900ET).
  • No domestic macro data are due today, with focus this week on September budget balance figures on Wednesday and latest trade numbers on Friday.