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.

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