Jawboning China to change exchange rate system futile, says RBA chief Glenn Stevens
- August 26, 2011 5:00 pm - Posted by: Jessica
RESERVE Bank of Australia governor Glenn Stevens says China’s undervalued currency is causing a significant imbalance in the world economy but megaphone efforts to force a change in the country’s exchange rate system won’t work.
Source: www.theaustralian.com.au
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