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

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

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

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Bi-Weekly Inflation Data, Banxico Minutes

MEXICO
  • Both headline and core annual CPI are expected to have fallen in the mid-February release, due at 1200GMT/0700ET:
    • Feb. Bi-Weekly CPI, est. 0.35%, prior 0.35%
    • Feb. Bi-Weekly CPI YoY, est. 7.80%, prior 7.88%
    • Feb. Bi- Weekly Core CPI, est. 0.39%, prior 0.36%
    • Feb. Bi-Weekly Core CPI YoY, est. 8.42%, prior 8.46%
  • Banxico have been explicit in its discomfort with high levels of core inflation. Any surprise above expectations will add concerns and support the market view that inflation may fall more slowly than policymakers are currently anticipating.
    • Most recently, central bank Deputy Governor Irene Espinosa said inflation remains high and hasn’t showed signs of having reached its inflection point yet. She stated that monetary policy will remain restrictive to bring down inflation, speaking at an agro-business event organized by Deloitte last week.
  • Focus will then turn to the release of the minutes from the February Banxico meeting where analysts will potentially look for details on how restrictive monetary policy should be, the real business cycle dynamics and implications related to the anticipation of a deeper FOMC hiking cycle.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.