Bank of China: Domestic economy to stabilize during Q4

Bank of China, one of the four biggest state-owned commercial banks in China, is out with its latest projections on China’s growth and inflation outlook.

Sees Chinese Q3 GDP at 6.0%.

Sees 2019 GDP at 6.2%.

Domestic economy to stabilize during Q4.

Chinese CPI could exceed 3% during some months of Q4.

The above forecasts have little to no impact on the Yuan.

• USD/CNH technical analysis: Sidelined near 7.11, potential head-and-shoulders on daily