PBOC's Wu says China will not widen yuan band soon

China's central bank repeated it commitment on Tuesday 25 Octoberto the yuan's tightly regulated trading band.

"We will not widen the yuan's trading band against the dollar in the near future," Wu Xiaoling, vice governor of the People's Bank of China, told Reuters on the sidelines of a banking event, the signing of a self-regulation pact.

Wu, who repeated a warning over potential risk of super-low money market interest rates, said the central bank would keep monetary policy basically stable.


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