MNI China Daily Summary: Friday, December 27

MNI BRIEF: BOJ: Rate Hike Chance Nearing; Mull Patiently

MNI: PBOC Net Injects CNY6.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1893 Fri; -2.12% Y/Y

MNI JAPAN NOV FACTORY OUTPUT DROPS 2.3% M/M; OCT +2.8%

MNI JAPAN NOV JOBLESS RATE AT 2.5%, UNCHANGED FROM OCT

MNI: US JOBLESS CLAIMS -1K TO 219K IN DEC 21 WK

MNI: US REDBOOK: DEC STORE SALES +5.0% V YR AGO MO

MNI: US DEC PHILADELPHIA FED NONMFG INDEX -6

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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MNI Bank of Korea Preview- Nov 2024, On Hold Amid FX Weakness

Despite weakening economic data, the BOK is unlikely to cut rates at their November meeting given currency weakness.
Asia Bank - PreviewBank of Korea - PreviewAPACAnalysisEM Central Bank ReportsEM Central Bank PreviewSouth KoreaStory

EXECUTIVE SUMMARY:
 

  • Economic data has continued to moderate with GDP, CPI, Exports and Industrial Production lower.
  • Due to a resurgent USD following the US election, the KRW has weakened by over 3% since the last BOK meeting.
  • There are some early signs that the policies put in place to slow the Seoul property market is working.
  • Several key voting members at the last monetary policy meeting indicated their preference for rates to remain on hold until 2025. 

FOR THE FULL PUBLICATION PLEASE USE THE FOLLOWING LINK:

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EXECUTIVE SUMMARY:
 

  • Economic data has continued to moderate with GDP, CPI, Exports and Industrial Production lower.
  • Due to a resurgent USD following the US election, the KRW has weakened by over 3% since the last BOK meeting.
  • There are some early signs that the policies put in place to slow the Seoul property market is working.
  • Several key voting members at the last monetary policy meeting indicated their preference for rates to remain on hold until 2025. 

FOR THE FULL PUBLICATION PLEASE USE THE FOLLOWING LINK:

Keep reading...Show less