PBOC deputy says no timetable for revaluation

People's Bank of China Deputy Governor Guo Shuqing said on Tuesday 9 November, on the sidelines of the G10 meeting in Basel, that China had no timetable for a revaluation of its currency.

"Foreign exchange policy (is toward) a market-based floating system...(we have) no timetable," said Guo when asked by reporters when China would revalue the yuan.

Guo said the PBOC's long-term goal for monetary policy was "sustainable growth, stable price, sound employment."

Guo, who is also head of the State