China’s central bank adds liquidity via reverse repos

Tue, Sep 6, 2022

1 MIN READ

Economy

CHINA’s central bank on Tuesday conducted 2 billion yuan (about 289 million dollars) of reverse repos to maintain liquidity in the banking system.

According to the People’s Bank of China, the interest rate for the seven-day reverse repos is set at two per cent.

The central bank said that the move aimed to keep stable liquidity in the banking system.

A reverse repo is a process in which the central bank purchased securities from commercial banks through bidding, with an agreement to sell them back in the future. (Xinhua/NAN)

A.I

Tags: China’s central bank

Naira gains as CBN reforms show impact

THE Naira appreciated in the official market on Friday, trading at N1,492.49 against the Dollar. Data from the Central Bank...

Nigeria’s GDP Q4’24: A Strong finish, but challenges linger

NIGERIA’S economy wrapped up 2024 on a strong note, with GDP growing 3.84% in Q4’24, according to the National Bureau...

Nigeria’s inflation rate drops to 24.48% in January- NBS

THE National Bureau of Statistics (NBS), says Nigeria’s headline inflation rate declined to 24.48 per cent in January 2025. This...

Subscribe to Our Newsletter

Keep abreast of news and other developments from our website.