China Expects To Liberalize Interest Rates Within 2 Years

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China Expects To Liberalize Interest Rates Within 2 Years

by Wochit 0:30 mins

China Expects To Liberalize Interest Rates Within 2 Years

by Wochit 0:30 mins

China's central bank chief, Zhou Xiaochuan, said he expects to see full liberalization of domestic interest rates, a key step in the nation's ambitious financial reforms, in a year or two. The governor of the People's Bank of China also said there was no timetable for making the yuan an international currency and that much work still remains.

Wochit

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