Widening exchange rate band is not a top priority – PBoC’s Zhou

Zhou Xioachuan
The China’s central bank governor said he is likely to retire soon and warned the country’s excessive optimism could lead to a “Minsky moment”.

While the market is focused on liberalisation of the renminbi and the opening up of China’s capital account, the governor of the People’s Bank of China (PBoC), Zhou Xiaochuan, says the expansion of the renminbi floating band is not a top priority.

There has been speculation that China’s central bank will expand the renminbi floating band after the Communist party congress as a step towards further internationalisation. Yet, Zhou moved to damp down speculation in a press conference during the

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