Zhou Xiaochuan, CPPCC National Committee and People's Bank of China Governor, said in an interview that the recent RMB fluctuation is considered normal market move, and a unified interpretation will be given in a press conference to be held in a few days.
As to whether the RMB volatility range will be expanded this year, Zhou replied that the change will only be announced when it is confirmed.
For the financial products such as Yuebao (餘額寶), Zhou said it will not be banned, but future policy will be improved as there were no strict regulatory policies before.
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