The International Monetary Fund could be forced to postpone a decision on whether China’s currency will be included in the basket of currencies that make up its lending reserves if the country doesn’t step up the pace of market liberalization, The Wall Street Journal reported, citing an unnamed senior official at the fund. “Access to onshore markets in China would be important, as would a free interest rate, a market-determined interest rate,” the official said, noting there was not enough depth of yuan trading in international markets and that significant gaps in financial data remained.
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