Central Banking

China agency calls for yuan band widening

China's National Development and Reform Commission has suggested that the yuan's trading band be widened to 2 percent from the current 0.3 percent.

The government should also consider raising interest rates in line with the United States, but step up efforts to curb capital inflows expected to rise as a result, the commission, which oversees the economy, according to a report on Monday. "One recommendation is to choose a suitable timing to let the exchange rate float appropriately," the commis

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