Comment: More autonomy for the PBOC?

The IMF board is plainly split on what attitude to adopt towards China's exchange rate policy but has come out usefully supporting moves to give the People's bank of China more discretion in setting interest rates.

COMMENT BY CENTRALBANKNET

On the exchange rate issue, the diplomatically-worded summary of the executive board's discussion noted that the build-up of reserves had complicated monetary policy. This is the point that Alan Greenspan among others often makes on China - that they cannot

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

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 individual account here: