MNI China Daily Summary: Thursday, January 9

MNI: BAVARIA DEC CPI 3.0% Y/Y (FLASH WAS 3.2%)

MNI: GERMANY NOV EXPORTS +2.1% M/M

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MNI: PBOC Net Drains CNY20.7 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Lower At 7.1886 Thurs; -2.34% Y/Y

MNI: GERMANY NRW DEC CPI +0.5% M/M, +2.5% Y/Y

MNI: GERMANY NOV IND PROD +1.5% M/M

MNI:AUSTRALIA NOV TRADE BALANCE A$+7079

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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BRIEF: ECB Villeroy Says Rates Will Move To Neutral By Summer

Bank of France Governor Francois Villeroy say ECB rates should fall to their neutral level by the summer
BundesbankCentral Bank NewsPolicy NewsEuropean Central BankCEEMEAEurozoneGermanyBriefStory
MNI (WASHINGTON)
ECB interest rates should move towards their neutral rate by the summer, Bank of France Governor Francois Villeroy said tonight.
 

"If the fall in inflation is confirmed over the next few quarters as we expect, good sense dictates that we move steadily towards this neutral rate by next summer," Villeroy said in his New Year address. 

Noting that ECB rates currently at 3% are already well below those of the Federal Reserve and the Bank of England, Villeroy said that this level still remains "significantly above" the neutral rate. 
 

"While this rate is not directly observable, the ECB estimates that it stands at around 2% in the euro area," he said. 

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MNI (WASHINGTON)
ECB interest rates should move towards their neutral rate by the summer, Bank of France Governor Francois Villeroy said tonight.
 

"If the fall in inflation is confirmed over the next few quarters as we expect, good sense dictates that we move steadily towards this neutral rate by next summer," Villeroy said in his New Year address. 

Noting that ECB rates currently at 3% are already well below those of the Federal Reserve and the Bank of England, Villeroy said that this level still remains "significantly above" the neutral rate. 
 

"While this rate is not directly observable, the ECB estimates that it stands at around 2% in the euro area," he said.