Goldman Sachs says a People's Bank of China RRR cut "in the next few days"

I posted on the strong signal of a cut coming out China earlier:

• A signal of a PBOC cut. This time from China's leaders. The PBOC will pay attention.

Goldman Sachs tipping the same:

• Premier Li held the State Council meeting today (April 13th) and required policymakers to roll out measures to support consumption.
• He also hinted at a potential RRR cut and required financial institutions to further lower funding costs for the real economy.
• We expect the PBOC to deliver a 50bp RRR cut and potentially also an interest rate cut in the next few days.

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RRR is Reserve Requirement Ratio, the amount of cash that banks must hold as reserves. A cut to the RRR frees funds for lending into the system.