# PBOC: China should expand Renminbi's trading band - People's Daily Online

> The PBOC's official Financial News called for widening the renminbi's plus or minus 2 percent trading band and reducing government intervention in the currency market. The band was last widened in March 2014 from 1 percent.

- Date: 2017-07-12 · published 2017-07-12T12:00:00.000Z
- Category: policy · region China · magnitude low
- Page: https://feedsoft.ai/events/70197-pboc-china-should-expand-renminbi-s-trading-band-people-s-daily-online
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Greater currency flexibility signals potential future yuan volatility that could alter the relative cost of imported feed inputs in China.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2022-07-23 | [Chinese yuan relatively stable against rising U.S. dollar: official - People's Daily Online](https://feedsoft.ai/events/40706-chinese-yuan-relatively-stable-against-rising-u-s-dollar-official-people-s.md) | -0.1% | +1.0% |
| USDCNY | 2021-05-31 | [PBOC raises requirement for banks' forex deposits - Chinadaily.com.cn](https://feedsoft.ai/events/47322-pboc-raises-requirement-for-banks-forex-deposits-chinadaily-com-cn.md) | +0.5% | +1.4% |
| USDCNY | 2020-01-17 | [Phase One, Wall Street and the renminbi \| Capital Economics](https://feedsoft.ai/events/55312-phase-one-wall-street-and-the-renminbi-capital-economics.md) | +0.6% | +1.6% |
| USDCNY | 2017-07-19 | [USDCNY: Trading band to widen? – RBC CM — Octa](https://feedsoft.ai/events/70195-usdcny-trading-band-to-widen-rbc-cm-octa.md) | +0.1% | -0.9% |
| USDCNY | 2021-06-18 | [Central bank targets exchange rate stability - Chinadaily.com.cn](https://feedsoft.ai/events/7118-central-bank-targets-exchange-rate-stability-chinadaily-com-cn.md) | +0.3% | +0.5% |

## Sources

- en.people.cn: https://en.people.cn/business/n3/2017/0712/c90778-9240680.html

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