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

US EIA:NAT GAS STORAGE -93 BCF TO 3,529 BCF DEC 27 WK

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

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

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 BRIEF: BCB Copom's Galipolo Sees Upside Inflation Risk

MNI (BRASILIA) - Brazil's central bank deputy governor for monetary policy, Gabriel Galipolo, said Thursday the current balance of risks for inflation is tilted to the upside at a time when market participants have been questioning how the monetary policy committee or Copom classifies the inflation outlook.

"In my position, currently, the balance of risks is asymmetrical. This asymmetry arises not only because there are more risk factors pointing to potential inflation increases — three in favor of higher inflation against two suggesting a decrease — but also due to the ongoing communication from the members of Copom," he said at an event sponsored by the Brazilian Confederation of Credit Cooperatives.

The deputy governor emphasized that this asymmetry in the balance of risks does not imply forward guidance for a rate hike at the next meeting, but that "all alternatives are open," including a further increase in borrowing costs. (See MNI INTERVIEW: Copom To Hold Rates Despite Hawkish Tone -Velho)

HomepageEM Policy NewsEM BriefEM Central Bank NewsBrazil Central BankGlobalStoryRegion
HomepageEM Policy NewsEM BriefEM Central Bank NewsBrazil Central BankGlobalStoryRegion

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