Liquidity reallocation

Liquidity reallocation



20 березня 2015 года
ICU

The NBU absorbed extra liquidity from banks' correspondent accounts with the NBU as total CDs outstanding increased UAH2.62bn to UAH21.97bn yesterday while banks' correspondent accounts with the NBU fell UAH2.02bn to UAH31.27bn. As total local currency debt repayments scheduled for the next 30 days remained steady, broader banking sector liquidity rose UAH0.61bn to UAH64.89bn. KyivPrime interest rates declined: the KyivPrime ON interest rate declined 100bp to 23.00% while the KyivPrime 1M interest rate fell 205bp to 27.20%.

Investment implications: While the NBU's attempts to decrease liquidity and its impact on the FX market resulted in higher total CDs outstanding, banks' correspondent accounts with the NBU did not fall below UAH30bn. Yesterday's UAH1.46bn in local currency debt repayments could cause broader liquidity to decline, but banks with available funds could provide support.

Источник: ICU

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