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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Lawmakers Back Bills Key In Unlocking EU Funds

POLAND
  • Poland’s ruling party secured parliamentary backing for legislation that aims to unlock more than €35 billion ($38 billion) of the European Union’s post-pandemic aid eight months ahead of a general election.
    • The bill, which now awaits approval from President Andrzej Duda, seeks to reverse some of the contested changes in the judiciary following a bitter dispute with the European Commission over the erosion of democratic standards.
  • Additionally, lawmakers voted to ease the limits on onshore wind farm development, helping the government reach one of the key milestones needed to access the EU recovery funds. (Bloomberg)
  • The government of Prime Minister Mateusz Morawiecki has struggled for seven months to find a majority in parliament to back the legislation.
  • The bill will now go to the Senate before being signed by the president.
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