China yuan move should be 10% - ex-HKMA's Latter

- Central Banking staff
- 22 Mar 2005

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China would need to revalue its currency by at least 10 % in order for such a move to be credible to the markets, according to Tony Latter, former deputy chief executive of the Hong Kong Monetary Authority.

Speaking on the sidelines of the CFO Asia conference in Shanghai, Latter told XFN-Asia: "If they just did it by 3.5 % that would show people that they are willing to think about revaluation, but that they're not doing enough - so (people) would speculate on them doing it again in a year's time

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