Liquidity reallocation and recovery

Liquidity reallocation and recovery



8 квітня 2015 года
ICU

Banks' correspondent accounts with the NBU slid UAH0.66bn to UAH25.17bn yesterday. Total CDs outstanding rose UAH1.08bn to UAH17.47bn, total local currency debt repayments scheduled for the next 30 days increased UAH0.85bn to UAH11.23bn, and broader banking sector liquidity was up UAH1.27bn to UAH53.87bn. KyivPrime interest rates slightly diverged: the KyivPrime ON interest rate rose 5bp to 23.20% while the KyivPrime 1M interest rate slid 10bp to 28.00%.

Investment implications: The NBU decreased ON loans from UAH1.06bn to UAH0.59bn and increased CDs as it continued to absorb extra liquidity. As these absorptions did not significantly reduce banks' correspondent accounts with the NBU, liquidity continued to recover further, albeit slightly. Liquidity should remain steady with insufficient movements today, especially since no primary auction is scheduled this week.

Источник: ICU

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