IMF urges more flexible yuan policy

Rodrigo Rato, the new International Monetary Fund (IMF) managing director, on Thursday 24 June told China's leaders that now would be a good time to make their yuan exchange rate policies more flexible.

"The authorities ... want to make sure that conditions are suitable before introducing greater flexibility," Rato, who met Premier Wen Jiabao and other ranking officials, said in a statement as he left China after a day of talks.

"I emphasized the advantages of making such a move from a position