The Traderszone Network

Published in TZ Latest News 23 January, 2016 by The TZ Newswire Staff

IMF’s Lagarde says markets need clarity on China currency

Financial markets need more clarity on how the Chinese authorities are managing their currency, particularly the relationship of the yuan to the U.S. dollar, IMF Managing Director Christine Lagarde said on Saturday. Bank of Japan governor Haruhiko Kuroda said his personal view was that capital controls would be an appropriate way for China to reconcile its need to keep domestic monetary policy loose while stabilising its currency.