Liquidity continues to rise

Liquidity continues to rise



7 липня 2015 года
ICU

Broader banking sector liquidity rose UAH0.76bn yesterday to UAH71.20bn, this year's new record high, as banks' correspondent accounts with the NBU increased UAH0.75bn to UAH22.95bn and total CDs outstanding were up UAH0.02bn to UAH42.62bn. Total local currency debt repayments scheduled for the next 30 days remained steady at UAh5.62bn. Despite the increase in liquidity, KyivPrime interest rates slightly diverged: the KyivPrime ON interest rate rose 10bp to 21.10% while the KyivPrime 1M interest rate slid 20bp to 27.80%. Liquidity continued to increase slightly, but KyivPrime indicators show that short-term liquidity became more expensive most likely because liquidity is expected to decline this week. While the volume of CDs maturing at the end of July increased significantly as the NBU allowed banks' correspondent accounts to increase slightly yesterday, the market's reaction should determine future action.

Источник: ICU

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