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 NOV CPI 0.3%, CORE 0.3%; CPI Y/Y 2.7%, CORE Y/Y 3.3%

MNI: US NOV SUPERCORE CPI (CORE SERVICES EX-HOUSING) 0.342%

MNI: US NOV CPI UNROUNDED M/M 0.313%, CORE 0.308%

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

India CPI:  Trend is Moving in the Right Direction.

INDIA
  • India’s CPI release came in lower than expected at 3.54% in July according to the Statistics Ministry.
  • This is the first print below the RBI’s 4% target in almost five years, being the slowest pace since August 2019.
  • The median forecast was for 3.60% having climbed to 5.08% in June.
  • Due to statistical reasons, the inflation reading was expected to decline for July and as such should have limited impact on monetary policy.
  • The third quarter has favourable year on year base effects which will need to taper off to provide appropriate guidance on monetary policy.
  • Food prices continue to present challenges rising 5.42% compared to 9.36% in June, whereas fuel and lighting prices declined 5.4% yoy.
  • Housing prices rose 2.68% yoy and clothing and footwear 2.67%yoy..
  • The retracement of core prices is promising and will allow the Central Bank to contemplate its monetary policy. However ahead of the Federal Reserve Rate decision in September, it is unlikely that we see any change to their thinking.
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
EM BulletHomepagemarkets-real-timeBulletEmerging Market News

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.