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

MNI: US NOV CPI 0.3%, CORE 0.3%; CPI Y/Y 2.7%, CORE Y/Y 3.3%

MNI: US NOV SUPERCORE CPI (CORE SERVICES EX-HOUSING) 0.342%

MNI: US NOV CPI UNROUNDED M/M 0.313%, CORE 0.308%

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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Pavel Comments On First 100 Days Of His Presidency

CZECHIA
  • President Petr Pavel will hold a media briefing at 09:00BST/10:00CEST to summarise his first 100 days in office. During this first phase of his presidency, Pavel backed his pro-Western declarations with actions, breaking with his predecessor's approach to foreign policy, which envisioned Czechia as a bridge between the West and the East.
  • The National Fiscal Council criticised the government's plan to borrow CZK137.4bn from the EU (down from the CZK170bn pencilled in initially), which alongside CZK33.4bn in grants will fund the country's post-COVID National Recovery Plan. The panel advising the government on fiscal matters said that the loan would increase the government's debt and negatively affect the structural budget balance.
  • In the absence of major domestic risk events, the focus turns to the ECB's monetary policy decision today. Locally, yesterday's comments from CNB Deputy Governor Jan Frait reduced the odds of interest-rate action next week, with the official noting that the case for renewed tightening has weakened.
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