Liquidity declines slightly



16 лютого 2015 года
ICU

Broader banking sector liquidity slid UAH0.44bn to UAH54.12bn last Friday, as banks' correspondent accounts with the NBU declined UAH0.15bn to UAH29.58bn and total CDs outstanding fell UAH0.29bn to UAH18.93bn. Total local currency debt repayments scheduled for the next 30 days remained steady at UAH5.61bn. KyivPrime interest rates slightly diverged: the KyivPrime ON interest rate declined 20bp to 15.00% while the KyivPrime 1M interest rate rose 40bp tp 22.00%.

Investment implications: The NBU refinanced its ON loans last Thursday and kept its support for banking sector liquidity stable. The slight decline in liquidity was insufficient to affect the money market and indicative interest rates diverged slightly. This week, liquidity could be slightly volatile depending on the FX market, but quarterly tax payments could have a negative impact soon.

Источник: ICU

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