China Mulls Larger Floating Band for the Yuan: PBOC Governor | CHINA US Focus

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China Mulls Larger Floating Band for the Yuan: PBOC Governor

Xinhua News
March 6, 2012
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BEIJING, March 5 (Xinhua) -- The governor of China's central bank said here Monday that the country is considering "appropriately" widening the trading band for the RMB, or the yuan, to better reflect an exchange rate regime decided by supply and demand in the market.

Zhou Xiaochuan, governor of the People's Bank of China (PBOC), the central bank, spoke to Xinhua on the sidelines of the annual parliamentary session, which opened here Monday.

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