PBOC not considering wider yuan/dollar band

The People's Bank of China is not currently considering a widening of the trading band for the yuan against the dollar, the head of the bank's research department said Friday 8 December.

Tang Xu told reporters at a banking seminar that money supply growth next year will be similar to the 2006 level.

"The (yuan trading) limit is not an administrative regulation, it's based on the market's needs and demands," said Tang.

"You need to know what the situation with the limit is. There is no problem