Liquidity up slightly on reallocations

Liquidity up slightly on reallocations



14 травня 2015 года
ICU

Banks' correspondent accounts with the NBU rose UAH1.45bn to UAH26.01bn yesterday while total CDs outstanding slid UAH0.37bn to UAH27.15bn and total local currency debt repayments scheduled for the next 30 days remained steady at UAH6.49bn. As a result, broader banking sector liquidity rose UAH1.08bn, setting this month's record high. KyivPrime interest rates remained steady: the KyivPrime ON interest rate stood at 22.00% and the KyivPrime 1M interest rate remained steady at 28.00%.

Investment implications: Liquidity continued to recover after falling significantly at the end of last month. There were no notable inflows from the NBU except for a small redemption of CDs. At the same time, the NBU could control liquidity to decrease pressure on the FX market and absorb extra liquidity at any time. Outstanding CDs are high, particularly as ON CDs comprise only one-quarter of the total, the volume of which has declined since the end of last week.

Источник: ICU

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