In an interview published on Monday 4 April Rodrigo Rato, managing director of the International Monetary Fund, said we are not advising any type of revaluation in China, but are instead advising flexibility. And we believe that it is in the interests of the Chinese economy to have a flexible exchange rate, and to be able to carry out autonomous monetary policy, Rato said.
Click here to read the interview on the FT's website
- Making the rules and breaking the mould (Allan Meltzer: 1928–2017)
- Commission should have power to order CCPs to relocate to EU – Cœuré
- Asset purchase programme is key to central bank credibility – ECB paper
- BoE’s Haldane examines changing nature of work
- Indonesian banks will switch to reserves averaging in July
Back to Top