China Just Raised Its Reserve Ratio For Banks By 50 Basis Points

zhou china chinese

Well, everyone knew this was coming. And it has.

The new requirements will kick in December 20.

The news comes ahead of inflation data coming out tonight that’s expected to be very hot.

US futures are near their highs of the morning.

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.

Tagged In

china moneygame-us