Liquidity hits record high

Liquidity hits record high



6 липня 2015 года
ICU

Broader banking sector liquidity rose to UAH70.44bn last Friday, the record high since last September when it was last rose above UAH70.00bn. Banks' correspondent accounts with the NBU rose a mere UAH0.16bn to UAH22.20bn last Friday but the NBU once more increased total CDs outstanding by UAH1.92bn to UAH42.61bn. Total local currency debt repayments scheduled for the next 30 days remained steady at UAH5.62bn. KyivPrime interest rates slightly diverged, as ON interest rate slid 13bp to 21.00% while 1M interest rate remained steady at 28.00%, unchanged since the end of June 2015.

Investment implications: Liquidity rose at the end of last week and recovered after the month-end tax payments prior to the usual decline during first week of the month, likely due to regular payments for imported energy resources, e.g. natural gas, etc. At the same time, the NBU continued to absorb extra liquidity, keeping banks' correspondent accounts with the NBU mostly stable with insignificant volatility.

Источник: ICU

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