MNI China Daily Summary: Monday, November 25

MNI: China CFETS Yuan Index Up 0.01% In Week of Nov 22

MNI: PBOC Net Injects CNY76.7 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Lower At 7.1918 Mon; -1.35% Y/Y

CHINA PRESS: Yuan To Reach 17% Of Global Payments By 2035

EZ/UK Bond Supply Calendar: Gilt Syndi; IT, DE Due on Tuesday

MNI: GERMANY NOV IFO BUSINESS CLIMATE INDEX 85.7

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

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MNI BNM Preview - July 2023: July Hold, Tightening Bias Retained

BNM
  • The broad consensus is for Bank Negara Malaysia (BNM) to keep rates on hold at 3.0% at its July 6 meeting after the surprise 25bp hike in May. But BNM noted that monetary policy is “slightly accommodative” and so their tightening bias is likely to be retained.
  • With inflation continuing to ease in May and manufacturing indicators weak, rates are likely to be kept on hold in July. But core inflation is proving sticky, as in other countries, the labour market & domestic economy are robust, and the Ringgit has weakened further.
  • There could be further hikes going forward if the growth and inflation outcomes/outlook warrant it.
  • See full preview here.
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