MNI China Daily Summary: Friday, December 13

MNI: GERMANY OCT EXPORTS -2.8% M/M (VS FCST -2.6%)

MNI BRIEF: BOJ Tankan: Business Inflation Expectations Solid

CHINA YTD NEW LOANS CNY17.1 TRLN VS MEDIAN CNY17.5 TRLN: PBOC

MNI: PBOC Net Injects CNY14.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1876 Fri; -1.22% Y/Y

MNI: EUROZONE OCT IP +0% M/M, -1.2% Y/Y

MNI: SPAIN NOV HICP +0% M/M, +2.4% Y/Y

MNI: FRANCE NOV HICP -0.1% M/M, +1.7% Y/Y

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: PBOC To Curb Any Yuan Overshot : PBOC Zou

Central Bank NewsPolicy NewsPBOCAPACEM Policy NewsChinaEM BriefBriefStory

MNI (BEIJNG ) - The People’s Bank of China will focus on preventing excessive volatility of the yuan exchange rate from external shocks, and increase treasury bonds trade to coordinate the proactive fiscal policy in 2025, said Zou Lan, head of the Bank’s monetary policy department, according to CCTV News. 

The PBOC will create a suitable liquidity environment for government bond issuance, with efforts continuing in terms of lowering the cost of social financing and supporting consumption and investment, Zou said, noting it will improve the transmission of monetary policy, preventing funds from circulating idly inside the financial system and maintaining a balance between supporting economy and ensuring the sound operation of banks. (See:MNI: PBOC To Increase Bond Buying, Fiscal Coordination In 2025)

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MNI (BEIJNG ) - The People’s Bank of China will focus on preventing excessive volatility of the yuan exchange rate from external shocks, and increase treasury bonds trade to coordinate the proactive fiscal policy in 2025, said Zou Lan, head of the Bank’s monetary policy department, according to CCTV News. 

The PBOC will create a suitable liquidity environment for government bond issuance, with efforts continuing in terms of lowering the cost of social financing and supporting consumption and investment, Zou said, noting it will improve the transmission of monetary policy, preventing funds from circulating idly inside the financial system and maintaining a balance between supporting economy and ensuring the sound operation of banks. (See:MNI: PBOC To Increase Bond Buying, Fiscal Coordination In 2025)

Keep reading...Show less