CHINA'S central bank said it would take a “gradual and safe” approach to loosening the yuan-dollar peg, following International Monetary Fund (IMF) calls to let the currency float in a wider margin.
A spokesman for the People's Bank of China quoted by the Jinrong Shibao financial daily on Saturday said China would phase in moves to make the currency exchange rate more flexible.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
