Liquidity declines due to NBU absorption

Liquidity declines due to NBU absorption



25 лютого 2015 года
ICU

Broader banking sector liquidity declined UAH1.50bn to UAH51.00bn yesterday as banks' correspondent accounts with the NBU fell UAH3.10bn to UAH30.22bn and total CDs outstanding rose UAH2.12bn to UAH15.78bn. Total local currency debt repayments scheduled for the next 30 days slid UAH0.52bn to UAH5.00bn. KyivPrime interest rates diverged: the KyivPrime ON interest rate remained steady at 17.00% while the KyivPrime 1M interest rate rose 50bp to 22.50%.

Investment implications: Broader liquidity's decline was caused by the NBU decreasing its ON loans from UAH2.32bn to UAH0.41bn. The significant injection of UAH1.50bn via the bond market likely had specific goal and had no impact on liquidity.

Источник: ICU

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