China central bank researchers urge wide yuan band

Researchers at China's central bank are urging a sharply wider trading range for the yuan of 10 to 15 percent up or down, the first time anyone connected to the bank has offered a specific band width for the Chinese currency.

While private analysts have scaled back forecasts for a possible widening of the yuan's trading band next year due to the lack of official progress on foreign exchange rate reform, researchers at the People's Bank of China have boldly gone the other way.

"The target area s