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

MNI: PBOC Net Injects CNY28.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1854 Thurs; -1.13% Y/Y

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 on Track for Single-Digit Inflation by Year-End, Orban Says

HUNGARY
  • Hungary is on track toward cutting inflation to single-digit by the end of the year, though progress “isn’t as quick as desired,” Prime Minister Viktor Orban said in an interview this morning. He added that wage growth is set to surpass the rate of inflation by July-August (April gross wage growth: +15.7% y/y) and signalled he would keep obstructing EU talks on the bloc’s financing because of his views on key issues including funding for Ukraine and migration.
  • Incoming justice minister Bence Tuzson asked Prime Minister Orban to take the remit of issues related to the EU to a different ministry, the politician told state news agency MTI. As justice minister, Tuzson wants to focus on judicial sovereignty. His predecessor, Judit Varga, played a key role in negotiating and implementing judicial reforms requested by the European Commission.
  • Producer prices fell 1.6% m/m in May versus -2% in April, according to data released by the Central Statistical Office this morning. The yearly figure rose 11.2% versus +15.9% in April.
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