PBOC research head says yuan band wide enough

There is no need to widen the yuan-dollar trading band at the present time, the head of the research department within the People's Bank of China said in an interview.

But Tang Xu, director of the Research Bureau within the People's Bank of China, told Market News International that a band widening will eventually be appropriate.

"I'm not saying that it's not necessary to widen the band - what I'm saying is that there's no immediate need to widen the band as (the current range) is still enough,

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