China might increase interest rates as early as this month, but will probably not allow the yuan...

|By:, SA News Editor

China might increase interest rates as early as this month, but will probably not allow the yuan to rise until the June-Oct. period, senior government economist Zhu Baoliang said this morning. He added that another one-off revaluation was unlikely, but said the yuan peg could be shifted to a basket of currencies. (yuan ETF: CYB)