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US CPI In Focus, China Mulls Plan To Bolster Property Market

EMERGING MARKETS
  • The US inflation release takes focus going forward, with markets expecting CPI to have risen 0.3% on the core ex-food and energy metric, and just 0.1% for the headline, leaving the headline Y/Y to have slowed to 3.3% from 3.7%.
  • China plans to provide at least 1 trillion yuan ($137 billion) of low-cost financing to the nation’s urban village renovation and affordable housing programs in its latest effort to shore up the struggling property market, according to people familiar with the matter. The People’s Bank of China will inject funds in phases through policy banks with the money ultimately trickling down to households for home purchases. (BBG)

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