PBOC repeats plan to perfect exchange rate regime

China plans to give the market a greater role in setting the exchange rate for the yuan, but will keep the fixed currency basically stable for now, the country's foreign exchange chief said on Friday 5 March.

The central bank had no plan to hike interest rates, but saw a need to make rates more flexible, Guo Shuqing, head of the State Administration of Foreign Exchange, was quoted on Friday as saying.

China would "maintain the basic stability of exchange rate levels, and no matter if that is n