PBOC's Hu Calls China Yuan Trading Band Appropriate, Century Weekly Says
China’s current daily yuan-dollar trading band is “appropriate,” Hu Xiaolian, a deputy governor at the People’s Bank of China, said in an interview with Century Weekly magazine.
The trading band may be widened in the future, the magazine cited Hu as saying. There is not timetable for exchange rate reform, Hu was cited as saying.
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