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

MNI: US MBA: MARKET COMPOSITE +5.4% SA THRU DEC 06 WK

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Haddad Reiterates Caution Over Activity Given Level Of Real Interest Rates

BRAZIL
  • Finance Minister Fernando Haddad reiterated the government’s desire for lower rates in an interview with Folha by saying BCB is late, but someday it will wake up. Earlier on Monday, Haddad already said that sharp economic activity decline seen in IBC-BR data was expected and added that we need to be careful about what could happen if real interest rates are maintained at around 10% per year.
  • Haddad also mentioned that the government has released BRL50b to its Desenrola program for debt renegotiation, speaking at a press conference on Monday in Brasília. 1.5 million people with names on bad credit listings should have debts assessed in the program, which could reach up to 2.5 million if all banks adhere to the program, said Haddad.
  • Brazil Ambassador to the United States Maria Luiza Viotti speaks about the challenges and opportunities in US-Brazil relations, environmental protection, and human rights in Brazil in Wilson Center’s Brazil Institute on Tuesday.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.