Chinese Central Bank Cuts Reserve Requirement Ratio By 0.5%

zhou china chinese

The People’s Bank of China has just cut the reserve requirement ratio for banks by 0.5% according to WSJ.

The cut is apparently due to take place on February 24.

It had been a while since the last rate, cut, but recent hints from top leadership had indicated that one was coming.

While the country is still trying to choke off a housing bubble, there is obviously enough confidence about inflation being somewhat under check that easing can be undertaken.

This could provide a little juice for markets on Monday.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.

Tagged In

china moneygame-us