Skip to main content

China Weekly: More weakness in store for the renminbi

A sharp depreciation of the renminbi this week took the currency to the edge of the trading band that the PBOC has been holding steady since Donald Trump's election. The PBOC is likely to ramp-up its intervention to slow the pace of depreciation in the near term. But if the large tariffs that Trump has threatened do come into force, we think that the People's Bank will allow the renminbi to depreciate to 8/$.

We’ll be discussing the implications of a Trump presidency for Asia in a Drop-In on Tuesday, 14th January at 08:00 GMT/16:00 SGT. Click here to register for the 20-minute online briefing.

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.