BUSINESS IMF official says 'no evidence' China manipulating currency: AFP

BUSINESS

IMF official says 'no evidence' China manipulating currency: AFP

AFP

23:18, July 24, 2018

There is "no evidence" Chinese authorities have been intervening to move the exchange rate of the yuan, a senior International Monetary Fund official said Tuesday.

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Maury Obstfeld, IMF Economic Counsellor and Director of Research at WEF (File photo: imf.org)

Even though there have been some currency movements recently, "there is no evidence of manipulation," IMF chief conomist Maury Obstfeld said.

He noted in an interview on CNBC that a US Treasury report that looks at currency manipulation "came to the same conclusion."

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