Liquidity indicators diverge

Liquidity indicators diverge



4 березня 2015 года
ICU

Banks' correspondent accounts with the NBU fell UAH2.99bn to UAH24.48bn and total CDs outstanding slid UAH0.31bn to UAH17.81bn yesterday. Local currency debt repayments scheduled for the next 30 days rose UAH6.26bn to UAH10.02bn that day, causing broader banking sector liquidity to increase UAH2.96bn to UAH52.30bn. KyivPrime interest rates significantly rose yesterday because of the new NBU regulations: the KyivPrime ON interest rate rose 250bp to 21.75% while the KyivPrime 1M interest rate rose 175bp to 24.50%.

Investment implications: Although the NBU increased its key rate to 30% and increased reserve requirements for banks to decrease liquidity and demand for FX, yesterday's liquidity indicators were the result of Monday's cash flows.

Источник: ICU

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