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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Lagarde Says Will Remain Data Dependent

ECB
  • Q: Financial conditions have become looser since the October meeting, does that undermine your fight against inflation? You want to raise rates at a steady pace, 50bp, why are you giving up flexibility to decide from meeting to meeting?
  • A: On the issue of interest rates, we will be data dependent and we will review data. But what we know today, given financing conditions, expected terminal rate embedded in projections, this is not enough, and we need to take this fight and continue to battle against inflation. So we will continue that at a steady pace. 50bp at the next meeting, and possibly the one after that, and possibly the one after that. Don't assume it's a one shot 50, it's more than that. I don't know how many more times.
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