MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

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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NBP Board Remains Split on The Future Path of Interest Rates

POLAND
  • Last week, NBP member Tyrowicz stated that she sees need for more interest rate hikes.
  • This followed Glapinski comments that MPC will face a decision to either keep the policy rate steady or hike it by 25bps at the next meeting in October.
  • Henryk Wnorowski also commented that the tightening cycle in Poland is approaching its end.
  • Dabrowski mentioned on a tweet that the cycle of rate increases in Poland has ended following the September meeting.
  • Kotecko remains slightly more ‘hawkish’ by stating that the NBP should be more determined to fight inflation with CPI very likely to exceed 20% in January or February.
  • Poland’s government is planning to raise the minimum wage twice next year -- to 3,450 zloty from January and to 3,500 zloty in July (bbg).
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