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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War, Energy Crisis and Sanctions Placed Budget Under Pressure, FinMin Says

HUNGARY
  • The general government deficit widened from HUF 4,074.3bln at the end of November to HUF 4,593.4bln at the end of December, the Finance Ministry confirmed in a detailed reading of data published Monday.
  • The ministry noted that the full-year gap was under the previous year's HUF 4,672.1bln and said the war, energy crisis resulting from sanctions policies, and high-risk global economic environment had put the budget under "significant pressure".
  • In spite of the unfavourable circumstances, the budget ensured and will ensure this year, too, the preservation of the value of pensions and the continuation of family subsidies and regulated utilities price scheme for households, it added.
  • The government's "most important goal" this year is the recovery of economic growth and the further reduction of deficit and state debt levels, the ministry said.
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