IMF's Rato sees no rush on China yuan rate

International Monetary Fund Managing Director Rodrigo Rato said there is no need for China to make its currency convertible in a single step, although a more flexible yuan exchange rate would benefit China and other countries.

"China does not need to (have) immediate total flexibility, and China could perfectly live with some capital controls as a guarantee that the country would be able to handle some speculative money or short-term money," said Rato, who was in Ottawa for meetings with gover

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: