MNI China Daily Summary: Tuesday, December 10

MNI BRIEF: China Nov Exports Slows, Imports Slide

MNI BRIEF: China Crude Oil Imports Accelerate In November

CHINA NOV EXPORTS +6.7% Y/Y VS MEDIAN +8.9% Y/Y: CUSTOMS

MNI: CHINA YTD EXPORTS +6.7% Y/Y IN YUAN TERM: CUSTOMS

MNI: PBOC Net Injects CNY90.3 Bln via OMO Tuesday

US NFIB NOV SMALL BUSINESS INDEX 101.7

MNI: GERMAN NOV CPI +2.2 % Y/Y

MNI: NORWAY NOV CORE CPI +0.1% M/M, +3% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Morning Summary: CPI to remain elevated above 3% until mid-2022 (MinFin)

POLAND
  • Daily news cases have been rising in recent days with the 7D SMA rising by nearly 1,000 in the past 4 days to 20,500. As cases are still standing far above the mid-February levels (5,000/5,500 new case per day on average), officials decided to extend most of virus curbs for another 2 weeks.
  • On Tuesday, Polish government had removed a draft of the bill that ratifies the so-called own resources decision, which would allow for common European Union borrowing to finance its pandemic stimulus plan, from the agenda of its meeting on Tuesday (BBG).
  • NBP expects ROI from apartment purchases to fall, making such investments risky in the medium term. We have seen that the growth in house prices has been slowing in Poland in recent months amidst weak demand; the average price growth of existing flats in Poland 7 biggest cities rose by 5.6% in 2020, half the growth we saw in 2019 (10.84%) and 2018 (10.3%).
  • Poland recorded a EUR 1.62bn CA surplus in February, down from a revised 3.3bn EUR in January.
  • This morning, MinFin's chief economist Lukasz Czernicki said on radio TOK FM that CPI inflation is expected to stay 'elevated' above the 3-percent level until the middle of 2022, before easing down towards the NBP target (2.5%).
  • Other important economic data to watch this week are the Final March CPI inflation on April 15 (exp. At 3.2%) and the core CPI inflation on April 16, expected to rise to 3.9% in March (from 3.7% in February).
BulletEM BulletEmerging Market News
BulletEM BulletEmerging Market News

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.