China announces biggest bank reserve ratio cut since December 2021

[JayDubya]

China announces biggest bank reserve ratio cut since December 2021​

China's central bank will cut the amount of cash that banks must hold as reserves from Feb. 5, the first such cut for the year as policymakers extend efforts to shore up a fragile economic recovery amid plunging stock markets.

https://www.msn.com/en-us/money/mar...rve-ratio-cut-since-december-2021/ar-BB1haLPY

 

[pmbug]

China appears to be grappling with some real economic/financial stress now. I am wondering how an economic crisis in China is going to affect their support for the gold market.