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

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Central Bank Review Set to Split MPC From Broader Bank Ops

RBA
  • The Australian government are confirmed to release the RBA review documentation as well as government response on Thursday - effectively looking to create a second board among the RBA to split out the financial stability and monetary policy functions of the bank.
  • RBA headlines not unexpected - the prospect of a split board (MPC, FPC) has been raised in recent weeks but will require a small tweak to the bank's operating laws. Most importantly, the existing inflation-target regime is to be retained.
  • The headlines are broadly inline with an MNI piece posted on Monday: https://marketnews.com/mni-separate-monetary-commi...
  • Expect more headlines on this - both the RBA and the Treasury are to hold separate press conferences in the coming days on these topics. RBA governor Lowe is to speak at midday Australia (0300BST).
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