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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Drop in Inflation Expectations Unlikely to Alter CBR February Decision

RUSSIA
  • Consumer inflation expectations for the year ahead dropped to 12.7% in January after rising to 14.2% in December, a central bank survey showed yesterday. However, a survey of businesses pointed to an increase in pro-inflationary risks. Kommersant write that analysts do not expect the drop in inflation expectations to have much impact on the CBR’s February decision, and forecast that the first rate cut from 16% will not come before the summer.
  • Ukraine is open to allowing Russian natural gas to be shipped through the nation beyond this year when the current deal is due to expire, Bloomberg report citing Slovakia’s Prime Minister Robert Fico. If transit continues it could bring relief to European clients that still receive Russian pipeline gas.
  • The Bank of Russia reports weekly changes in gold and FX reserves later today, in what is the last notable domestic release of the week.
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