MNI China Daily Summary: Monday, November 25

MNI: China CFETS Yuan Index Up 0.01% In Week of Nov 22

MNI: PBOC Net Injects CNY76.7 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Lower At 7.1918 Mon; -1.35% Y/Y

CHINA PRESS: Yuan To Reach 17% Of Global Payments By 2035

EZ/UK Bond Supply Calendar: Gilt Syndi; IT, DE Due on Tuesday

MNI: GERMANY NOV IFO BUSINESS CLIMATE INDEX 85.7

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

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Powell continues: - Funding market pressures....>

FED
FED: Powell continues:
- Funding market pressures have no implications on monetary policy. Temporary
factors at play. Says expects EFFR to move back within target range. Will
continue to monitor market developments. Will over time provide sufficient
supply of reserves.
- Opening statement concludes, Q&A begins.
- First Q on Mid-Cycle adjustment.
A: We see a favourable economic outlook. That view is consistent with many other
forecasters. As you can see, FOMC members feel that goals can be accomplished
with modest adjustments of Fed funds. Points again to 1995 and 1998. But as
statement highlights, if downside risks emerge, a more extensive series of rate
cuts may be appropriate. In other words, 'we will continue to monitor....'
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