(Bloomberg) -- Federal Reserve Chairman Ben S.
Bernanke comments on differences between the U.S. and China over
China's currency policy. He spoke in response to an audience
question after a speech delivered via satellite to a bankers'
conference in Cape Town, South Africa.
``That of course remains an area of disagreement. Both sides
think that the renminbi ought to move towards greater
flexibility, but we differ on the pace at which that will take
place. I have argued and I firmly believe that a quick pace
towards greater flexibility would be very much in China's
interest. In particular, it would create more flexibility for
their monetary policy to address the potential overheating of
their economy.''
Read more at Bloomberg Currencies News
Bernanke comments on differences between the U.S. and China over
China's currency policy. He spoke in response to an audience
question after a speech delivered via satellite to a bankers'
conference in Cape Town, South Africa.
``That of course remains an area of disagreement. Both sides
think that the renminbi ought to move towards greater
flexibility, but we differ on the pace at which that will take
place. I have argued and I firmly believe that a quick pace
towards greater flexibility would be very much in China's
interest. In particular, it would create more flexibility for
their monetary policy to address the potential overheating of
their economy.''
Read more at Bloomberg Currencies News
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