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

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Romanian National Bank Raises Benchmark Rate To 1.5%

CEE
  • Romanian Central Bank raised it benchmark rate by 25bps for the first time since 2018 to 1.5% (vs. on hold expected) to curb the elevated inflationary pressures.
  • RCB mentioned that the current assessments indicate that annual inflation is expected to rise significantly higher than previously estimated in the short term.
  • CPI inflation rose to 5.3% in August, deviating sharply from the 1.5%-3.5% central bank's target.
  • In addition, Romanian PM Florin Citu and his government were toppled in a no-confidence vote, intensifying political tensions that have already sent the national currency to a record low against the Euro (BBG). President Klaus Iohannis will now have to nominate a replacement for Citu.
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