MNI China Daily Summary: Monday, November 11

MNI BRIEF: China Oct M2 Rises To Seven-Month High

MNI BRIEF: Japan Oct Sentiment, Outlook Indexes Both Fall

CHINA YTD NEW LOANS CNY16.52 TRLN VS MEDIAN CNY16.7 TRLN: PBOC

MNI: PBOC Net Injects CNY116.4 Bln via OMO Monday

MNI BRIEF: PBOC Has Room For More Easing : Research Head

EZ/UK Bond Supply Calendar: NE, UK, DE Auction on Tuesday

MNI: NORWAY OCT CORE CPI +0.2% M/M, +2.7% Y/Y

MNI: NORWAY OCT CPI +0.6% M/M, +2.6% Y/Y

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

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CZECHIA: Parliament To Approve Pension Reform, CNB Holds Presser For Analysts

CZECHIA
EM BulletBulletGlobalEmerging Market NewsCentral and Eastern EuropeRegionCzechia
  • The Bank Board decided to lower interest rates by 25bp yesterday. The two dissenting votes - one in favour of a 50bp cut and one in favour of a pause - indicated a growing divergence in the views of Bank Board members about the optimal interest-rate trajectory, even as they seemed to agree that in principle further monetary easing was warranted. The statement warned that the rate-cutting cycle could be paused or terminated with rates at restrictive levels should inflationary pressures strengthen.
  • Senior members of the CNB analytical staff will be joined by Deputy Governor Eva Zamrazilova during a press conference at 10:00GMT/11:00CET to discuss the details of the new economic forecast. Note that ahead of this week's meeting Zamrazilova said that she was undecided between voting for a 25bp or a hold.
  • The CZSO will release October unemployment data at 08:00GMT/09:00CET, with consensus looking for a downtick to 3.8% from September's 3.9%.
  • Lidove Noviny reported that the governing coalition will likely push a compromise version of its pension reform through the Chamber of Deputies as soon as today, increasing the retirement age to 67 for those born in or after 1989.
  • The Pirate Party will elect new leadership this Saturday, following the resignation of Ivan Bartos and other executives, as well as the party's exit from the ruling coalition.
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  • The Bank Board decided to lower interest rates by 25bp yesterday. The two dissenting votes - one in favour of a 50bp cut and one in favour of a pause - indicated a growing divergence in the views of Bank Board members about the optimal interest-rate trajectory, even as they seemed to agree that in principle further monetary easing was warranted. The statement warned that the rate-cutting cycle could be paused or terminated with rates at restrictive levels should inflationary pressures strengthen.
  • Senior members of the CNB analytical staff will be joined by Deputy Governor Eva Zamrazilova during a press conference at 10:00GMT/11:00CET to discuss the details of the new economic forecast. Note that ahead of this week's meeting Zamrazilova said that she was undecided between voting for a 25bp or a hold.
  • The CZSO will release October unemployment data at 08:00GMT/09:00CET, with consensus looking for a downtick to 3.8% from September's 3.9%.
  • Lidove Noviny reported that the governing coalition will likely push a compromise version of its pension reform through the Chamber of Deputies as soon as today, increasing the retirement age to 67 for those born in or after 1989.
  • The Pirate Party will elect new leadership this Saturday, following the resignation of Ivan Bartos and other executives, as well as the party's exit from the ruling coalition.