Analysis team of ANZ is believing that China will announce an aggressive growth target of ‘around 6.5%’ for 2019, at the 70th anniversary of the People’s Republic of China. Key Quotes “Policymakers believe market stability and structural reforms will drive growth. We expect the government will announce a VAT rate cut, a deficit budget of 2.9% of GDP and emphasise city cluster development.” “In addition, we will focus on the annual quota of the special local government bond (SLGB) issuance, which is likely to be lifted by 60%.” “The PBoC will maintain a low interest rate environment primarily through reduction of reserve requirement ratio. To maintain policy prudence, the central bank is unlikely to cut the benchmark lending rate and 7-day reverse repo rate, unless there is a change in the US interest rate cycle.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next UISD/JPY consolidates in a range near 2-1/2 month tops, around 112.00 handle FX Street 4 years Analysis team of ANZ is believing that China will announce an aggressive growth target of 'around 6.5%' for 2019, at the 70th anniversary of the People's Republic of China. Key Quotes "Policymakers believe market stability and structural reforms will drive growth. We expect the government will announce a VAT rate cut, a deficit budget of 2.9% of GDP and emphasise city cluster development." "In addition, we will focus on the annual quota of the special local government bond (SLGB) issuance, which is likely to be lifted by 60%." "The PBoC will maintain a low interest rate environment primarily through reduction… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
