MNI China Daily Summary: Tuesday, December 31

MNI China Press Digest Dec 31: PBOC, Panda Bonds, EVs

MNI: PBOC Net Injects CNY93.6 Bln via OMO Tues

CHINA DEC MANUFACTURING PMI 50.1 VS 50.3 IN NOV

MNI: PBOC Sets Yuan Parity Lower At 7.1884 Tues; -2.65% Y/Y

MNI: China CFETS Yuan Index Down 0.13% In Week of Dec 27

MNI:US OCT FHFA HPI SA +0.4% V +0.7% SEP; +4.5% Y/Y

MNI: US REDBOOK: DEC STORE SALES +5.5% V YR AGO MO

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

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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Finance Minister Says President Lula To Decide BCB Members In Coming Days

BRAZIL
  • President Lula is expected to decide central bank directors in the coming days (BBG)
  • Lula has always respected central bank autonomy, debate is overpriced (BBG)
  • Finance minister Fernando Haddad spoke earlier and noted the government is overcoming resistance to tax reform and that says that the reform will be neutral for collection and that the senate may vote in September or October.
  • Regarding the headlines above on the BCB nominations, there does not appear to be a specific timeline as of yet but developments will be monitored over the coming days.
  • Itaú have noted the Senate commission which approves the names for the directors of the BCB is finally formed following the terms of the directors Bruno Serra (monetary policy) and Paulo Souza (oversight) ending on February 28th.
  • For reference, BCB President Campos Neto has been involved in the discussions about the new names for the institution’s board, Finance minister Fernando Haddad told journalists last week.
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