MNI China Daily Summary: Thursday, December 12

RPT-MNI BOC WATCH: More Gradual Approach Seen After 50BP Cut

MNI BRIEF: Beijing To Protect Firms From U.S. Bill - MOFCOM

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MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI: SWEDEN FINAL NOV CPIF +1.8% Y/Y

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

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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Hungary Insist That Russian Ministers be Excluded from EU Sanction Package

HUNGARY
  • Hungary has insisted that three Russian ministers should be excluded from the EU’s ninth package of sanctions on Russia, EUobserver reported on Friday, citing unnamed diplomats.
  • "It is high time that the swamp was drained here in Brussels," Prime Minister Orban said in a video message on Facebook on Thursday, MTI report. The fact that "the left-wing vice-president of the European Parliament was arrested over corruption charges" has left its mark on the Brussels summit of the European Union, he said.
  • Hungarian inflation may accelerate by 2ppt in December after the removal of the fuel price cap and peak at 25%-26%, Economic Development Minister Nagy said yesterday, according to VG.hu. Nagy blames the jump in energy price import costs for temporary imbalances and said otherwise the current account and budget would be balanced.
  • Orban may speak on state radio in his usual weekly interview today, before traveling to Bucharest to sign a deal to import electricity from Azerbaijan via Georgia and Romania on Saturday. There are no major economic releases scheduled today.
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