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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MNI PODCAST: FedSpeak - Barkin Wants Hikes As Fast As Feasible

EXECUTIVE SUMMARY

  • Richmond Fed President Thomas Barkin tells MNI he would prefer not to pre-commit to raising interest rates by 50 basis points at every meeting: "You want to retain the optionality to make a decision at every meeting and with geopolitical risks being elevated."
  • Barkin did not rule out a 75 basis point rate increase if inflation expectations were becoming unanchored, which he does not currently believe to be the case: "Anything would be on the table. I'll just say our pace is pretty accelerated right now."
  • Asked about when the Fed should reduce the pace of easing or pause rate hikes, Barkin said "the time to reassess is when inflation starts to come down, or when underlying demand starts to come down."

Listen to the podcast here.

MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com
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MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com
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