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.”
States
Enugu shuts four private hospitals over failure to meet regulatory requirements
This is contained in a statement on Thursday in Enugu by the Public Relations Officer of the Ministry of Health, Chidiogo Ugodu.
States
Man arraigned for allegedly impersonating as U.S. citizen, defrauding two $80,000
The magistrate adjourned the case until August 27 for hearing.
NationWide
Again, court adjourns FG’s suit against Binance
The cryptocurrency company on March 24 sought an amicable resolution of the matter.
States
Four Anambra men remanded for allegedly raping, impregnating mentally challenged girl
Ms Okechukwu said, “During questioning the teenager identified the defendants as being responsible for her condition.”
Anti-Corruption
Alleged Graft: Court remands ex-CCT chairman Danladi Umar in Kuje custodial centre
The Economic and Financial Crimes Commission (EFCC) charged Mr Umar with abuse of office.
States
JUSUN hails Gov Sani for judiciary reforms, court renovation project
JUSUN commended Governor Uba Sani for what it described as unprecedented support for the judiciary through improved workers’ welfare and major infrastructure investment.
