China’s central bank adds liquidity through reverse repos
China’s Central Bank conducted ¥2 billion (about $281.9 million) of seven-day reverse repos at an interest rate of 1.8 per cent, on Monday.
The move aims to keep liquidity in the banking system reasonable and ample, the People’s Bank of China said in a statement.
A reverse repo is a process by which a central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future.
(Zinhua/NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Health
Flooding: Lagos removes illegal structures in Iju-Ishaga enforcement
The Lagos government removed illegal structures along Makanjuola Street in Iju-Ishaga as part of its ongoing environmental enforcement exercise.
NationWide
NIMC says new act enhances data identity protection of Nigerians
NIMC’s director-general, Abisoye Coker-Odusote, says the newly enacted NIMC Act 2026 has significantly strengthened Nigeria’s digital identity ecosystem.
NationWide
Public trust remains greatest asset, IGP Disu tells police chiefs
The inspector-general of police has urged global law enforcement leaders to ensure that technological innovations strengthen public trust, transparency and human rights.
World
Ukraine to get licence to produce Patriot missiles, says Trump
President Donald Trump said on Wednesday that the U.S. would grant Ukraine access to produce Patriot air defence interceptors.
Showbiz
Pitt gets 25 Emmy nominations, sci-fi drama Pluribus has 18
U.S. hospital drama series The Pitt and Apple TV+ sci-fi drama Pluribus are among the top nominees for the 78th Primetime Emmy Awards.
Rights
Outrage as Zimbabwean husband flees UK after alleged murder of wife, daughters
The case has caused outrage on social media, with many calling for discussion about violence against black women.
