MNI China Daily Summary: Tuesday, December 10

MNI BRIEF: China Nov Exports Slows, Imports Slide

MNI BRIEF: China Crude Oil Imports Accelerate In November

CHINA NOV EXPORTS +6.7% Y/Y VS MEDIAN +8.9% Y/Y: CUSTOMS

MNI: CHINA YTD EXPORTS +6.7% Y/Y IN YUAN TERM: CUSTOMS

MNI: PBOC Net Injects CNY90.3 Bln via OMO Tuesday

MNI: GERMAN NOV CPI +2.2 % Y/Y

MNI: NORWAY NOV CORE CPI +0.1% M/M, +3% Y/Y

MNI: NORWAY NOV CPI +0.3% M/M, +2.4% Y/Y

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 Governor Puts Off-Cycle Rate Hike On Table

BSP

Bangko Sentral ng Pilipinas Governor Eli Remolona said that an off-cycle interest-rate adjustment may be on the cards as soon as this Thursday, when the Monetary Board holds its regular weekly meeting. The official told reporters that the central bank could raise interest rates "if the data says inflation will go up very significantly".

  • This comes after Deputy Governor Francis Dakila told investors earlier today that the central bank retains its hawkish bias and continues to monitor inflation developments. The official noted that cutting rates could only be considered once the BSP is confident that inflation is back on target.
  • Remolona said that he will attend a meeting to assess macroeconomic data later today. The next CPI report is due on November 7, while the Monetary Board will announce the next scheduled rate decision on November 16.
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