China’s central bank has said it will maintain the exchange rate of the yuan at “basically stable” levels after recent comments by its officials who suggested the currency be allowed to appreciate and authorities should eventually let up on controlling it. The future trend of the exchange rate will be decided by supply and demand, as well as changes in international financial markets, Liu Guoqiang, vice governor at the People’s Bank of China, said in a Q&A segment posted on the bank’s website. The yuan will be kept at reasonable and balanced levels, he said. The existing floating exchange rate regime is a suitable arrangement for China for now and ”a period of time in the future,” Liu said,
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