# People's Bank Of China Official Says China Will Continue RMB 'Managed Floating Exchange Rate' | InsideTrade.com

> A People's Bank of China official said China will continue its managed floating exchange rate for the renminbi. The comments came amid discussion of the renminbi's inclusion in the IMF's Special Drawing Rights.

- Date: 2026-10-31 · published 2026-10-31T10:06:03.306Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/3032-people-s-bank-of-china-official-says-china-will-continue-rmb-managed-floating
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A stable, managed renminbi limits abrupt currency moves that would change China's import costs for feed grains and meal.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2018-04-11 | [China central bank governor says market-determined exchange rate is working very well](https://feedsoft.ai/events/65711-china-central-bank-governor-says-market-determined-exchange-rate-is-working.md) | +0.0% | +1.4% |
| USDCNY | 2017-10-18 | [China has ‘halted intervention in yuan exchange rate market’ \| South China Morning Post](https://feedsoft.ai/events/68678-china-has-halted-intervention-in-yuan-exchange-rate-market-south-china-morning.md) | +0.2% | -0.0% |
| USDCNY | 2017-04-15 | [Roundtable on Money and Finance and the 56th Clearing House Salon: Macro Factors of the RMB Exchange Rate Fluctuation and its Potential Effect \| IMI](https://feedsoft.ai/events/71717-roundtable-on-money-and-finance-and-the-56th-clearing-house-salon-macro-factors.md) | +0.0% | +0.2% |
| USDCNY | 2019-07-09 | [Former central bank official says keeping yuan stable "crucial"  - Xinhua Silk Road](https://feedsoft.ai/events/58332-former-central-bank-official-says-keeping-yuan-stable-crucial-xinhua-silk-road.md) | -0.1% | +2.4% |
| USDCNY | 2018-05-22 | [RMB rate expected to follow a two-way fluctuation path in 2018 - Chinadaily.com.cn](https://feedsoft.ai/events/65233-rmb-rate-expected-to-follow-a-two-way-fluctuation-path-in-2018-chinadaily-com-cn.md) | +0.5% | +1.5% |

## Sources

- insidetrade.com: https://insidetrade.com/content/peoples-bank-china-official-says-china-will-continue-rmb-managed-floating-exchange-rate

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.