Reuters: US Dollar Report: China yuan band widening an option, no timeframe -cbank official

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China yuan band widening an option, no timeframe -cbank official Sep 8th 2012, 08:56 XIAMEN, China, Sept 8 | Sat Sep 8, 2012 4:56am EDT XIAMEN, China, Sept 8 (Reuters) - Further widening the trading band for China's yuan is a policy option that the central bank may adopt in the future, a senior official from the People's Bank of China said on Saturday, giving no timeframe. Guo Jianwei, deputy director of the PBOC's monetary policy department, also said he did not see a risk of a massive capital outflow from China. Monthly foreign exchange purchases have grown at a slower pace in recent past months, fuelling concern about capital outflows, with the Chinese economy slowing and the yuan exchange rate weaker.

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