China official mulls freer hand for central bank

According to this article from the Financial Times, published Friday 28 July, a People's Bank of China official has suggested policy making could be more effective if the central bank had more autonomy.

"Of course, the decision-making mechanism will be more balanced if a decision of the State Council is needed and the opinions of more ministries are taken into account," said Liu Lida, the head of the monetary policy research department, in a little-reported speech.

"But this may to some also le