Saturday, May 19, 2007

Canada's Flaherty says more yuan flexibility needed

(Reuters) - China's central bank announced on Friday it would widen the
trading band for the yuan currency to 0.5 percent from 0.3
percent. It also tightened its one-year lending rate and the
one-year deposit rate.




Flaherty also said the United States has consulted Ottawa and
other governments on the best choice to replace World Bank
President Paul Wolfowitz, who resigned late Thursday.


Read more at Reuters.com Bonds News

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