MNI China Daily Summary: Thursday, December 12

RPT-MNI BOC WATCH: More Gradual Approach Seen After 50BP Cut

MNI BRIEF: Beijing To Protect Firms From U.S. Bill - MOFCOM

MNI: PBOC Net Injects CNY28.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1854 Thurs; -1.13% Y/Y

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI: SWEDEN FINAL NOV CPIF +1.8% Y/Y

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

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

CBRT Raise Remuneration on Free FX Reserve Accounts; T-2 Days Until Elections

TURKEY
  • The Turkish central bank has raised the remuneration rate on foreign-currency free reserve accounts by 25bps to 4.75% from 4.5%, central bank data showed on Friday. Turkish lenders receive this rate for the free FX reserves they hold at the central bank.
  • Kemal Kilicdaroglu has issued a statement on Twitter accusing Russia of attempting to influence the outcome of the May 14 elections by disseminating disinformation. Kilicdaroglu tweeted: "Dear Russian Friends, You are behind the montages, conspiracies, Deep Fake content and tapes that were exposed in this country yesterday. If you want the continuation of our friendship after May 15, get your hands off the Turkish state. We are still in favor of cooperation and friendship."
  • Talks between Russia, Ukraine, UN and Turkey to extend Ukraine’s grain-export deal are headed toward a resolution, state news agency Anadolu reported citing Turkey’s Defense Minister. Talks that took place in Istanbul for an extension of the grain deal earlier this week were “positive,” Defense Minister Hulusi Akar said.
  • Turkey's retail sales rose 28.551% y/y in March versus revised +21.7% in February, according to data released by the Turkish Statistical Institute this morning. The monthly figure rose 7.3% versus -6.5% in February.
  • President Erdogan addresses supporters at rallies in Istanbul on the last business day before Sunday’s elections while main opposition leader Kemal Kilicdaroglu speaks at a rally in Ankara this evening.
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.