BEIJING : The People's Bank of China said on Thursday it will use monetary policy tools including re-discount and relending facilities and the reserve requirement ratio (RRR) to help financial institutions fund rural rejuvenation.
The PBOC last cut the RRR - the amount of cash that banks must hold as reserves - on July 15, releasing around 1 trillion yuan (US$154.34 billion). Many analysts expect another cut later this year.
(US$1 = 6.4791 Chinese yuan renminbi)
(Reporting by Gabriel Crossley and Beijing newsroom, editing by Mark Heinrich)