Asia Currencies Fight Back Against The Dollar As US Inflation Cools
Market Depth
The PBOC's Financial Stimulus Support for the Property Sector
The PBOC pledged financial support of the property sector earlier this week. But what exactly does financial support entail? Well, there's currently an existing loan program in place by the PBOC for property developers. And so what the PBOC means by extending financial stimulus support unveiled this week is that they're literally just going to extend it to expire next year. So basically, it's nothing of material turnaround there.
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