Change to China's exchange rate ruled out

The yuan's exchange rate will not be adjusted further in the next six months as Beijing assesses the impact of last month's 2.1% revaluation, the Standard of Hong Kong reported, citing a senior economist. Policymakers will observe the effects of the revaluation on the economy and the degree to which it is digested, Ba Shusong, a vice director with the Development Research Center, an advisor to the State Council on economic policy, told the newspaper. The central bank said in its second-quarter monetary policy report last week that it would adjust the yuan's new trading band when the time was right, without being more specific.