China’s central bank governor said the country would fine-tune its prudent monetary policy stance in the rest of the year if needed, but does not expect any big adjustments to be made.
Zhou Xiaochuan said in an interview with China’s official television station that the government is making plans to relax controls on deposit rates.
Zhou also said China hopes the yuan would rise or fall within a range to reflect rising market forces in currency trading.
via Reuters
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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