China might increase interest rates as early as this month, but Beijing will probably not resume yuan appreciation as soon as that, a senior government economist said on Friday.
Another one-off currency revaluation looked unlikely, said Zhu Baoliang, chief economist at the State Information Center (SIC), a think-tank that comes under the National Development and Reform Commission, China's powerful planning agency.
"I believe a band widening is possible but another one-off revaluation is unlikely. The yuan might be pegged to a basket of currencies," he told Reuters. (more)