MNI China Daily Summary: Wednesday, November 27

MNI: GERMANY GFK DECEMBER CONSUMER CLIMATE -23.3

MNI BRIEF: BOJ’s JGB Unrealised Loss Rises To JPY13.7 Tlrn

RPT:- MNI NOV CHINA MONEY MARKET INDEX 53.5 VS OCT 38.4

MNI NOV CHINA MONEY MARKET INDEX 53.5 VS OCT 38.4

MNI BRIEF: China Profits Fall In October Y/Y

MNI: FRANCE NOV CONSUMER SENTIMENT 90

RBNZ SEES RISK OF MID-TERM INFLATION VOLATILITY

MNI: RBNZ CUTS OCR 50BP TO 4.25%

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI RBA Review - December 2023: On Hold, Watching & Waiting

RBA
  • The RBA left rates at 4.35%, as expected, at its last meeting for 2023. The central bank retained its tightening bias with the final guidance paragraph unchanged word-for-word. It is in wait-and-see-mode, especially for the Q4 CPI data.
  • Some of its November inflation concerns were restated in this month’s statement but there was nothing mentioned to suggest that they have become less worrying. If anything, there hasn’t been enough information yet to determine if they have dissipated. Thus, more emphasis has been put on upcoming CPI releases.
  • The key data point ahead of the February 6 decision is likely to be Q4 CPI data on January 31 and currently there is little room in the projections for an upside inflation surprise. The meeting will also include updated staff forecasts, which will now be published, including the Statement on Monetary Policy, with the meeting statement and the decision will be followed an hour later by a press conference.
  • See full review here.
HomepageBulletMarketsFixed Income BulletsForeign Exchange Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.