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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Central Bank Asks Lenders to Charge 40% Interest Rate on Dollar Forward Contracts

TURKEY
  • Lenders have been asked to charge a minimum 40% interest rate on dollar forward contracts as part of the central bank’s latest liraization measures, according to people with direct knowledge of the matter cited by Bloomberg.
  • Previously the price of the contracts was capped at 30%. Authorities believe the measure will curb demand for dollars by making it more expensive for clients to buy protection against currency swings via forward contracts with commercial lenders.
  • The central bank have also urged lenders not to sell dollars at a rate below 19.05 liras per dollar.
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