Liquidity declines

Liquidity declines



9 липня 2015 года
ICU

Broader banking sector liquidity declined UAH1.57bn to UAH71.53bn, most likely due to Naftogaz prepayments for natural gas imports from Europe. This decline has been routine over the past few months and normally recovers within the following few days. Banks' correspondent accounts with the NBU slid 0.67bn to UAH20.98bn after several injections from the NBU and MoF. Although the NBU decreased total CDs outstanding by UAH0.37bn to UAH44.20bn and purchased about UAH0.50bn of new government bonds on Tuesday, likely issued the same day, the MoF repaid UAH0.51bn in local currency debt repayments and decrease total local currency debt repayments scheduled for the next 30 days to UAH6.36bn. The KyivPrime ON interest rate remained steady at 21.00% while the KyivPrime 1M interest rate rose a mere 33bp to 28.00%. As the MoF repaid UAH1.07bn in local currency yesterday, banks' correspondent accounts with the NBU should rise and allow the NBU to increase CDs outstanding. Although broader liquidity could decline further today, banks' correspondent accounts' with the NBU should begin to recover.

Источник: ICU

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