IMF say conditions favourable on China rate reform

International Monetary Fund spokesman Thomas Dawson said that China is now ready and able to reform its exchange rate system, and it is in its best economic interest for it to do so.

Dawson said the Fund currently has a team on the ground analyzing the Chinese economy and they will report back soon.

'I can only repeat all we have indicated for some time. A flexible exchange rate arrangement would be in China's interest,' he told reporters in a regular briefing.

Setting aside the yuan's peg to t

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: