Any changes to exchange rate regime likely to be cosmetic

Another widening of the renminbi’s trading band is now a distinct possibility, following hints in a PBOC-run newspaper earlier this week. But such a move would make no difference to the trajectory of the currency unless combined with broader changes to the exchange rate regime that seem unlikely.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.