Liquidity hits new record high

Liquidity hits new record high



28 липня 2015 года
ICU

The broader liquidity indicator beat its records set earlier this month as it rose to nearly UAH80.0bn yesterday as a result of increases in both total local currency debt repayments scheduled for the next 30 days, up UAH1.47bn to UAH7.38bn, and in NBU CDs outstanding, up UAH1.39bn to UAH48.97bn, while banks' correspondent accounts with the NBU declined UAH0.61bn to UAH23.64bn.

Investment implications: While the NBU continued to absorb extra liquidity last Friday as it increased CDs outstanding, we expect liquidity to decline this week, possibly in today's NBU data reflecting yesterday's cash flows. As this decline should be insignificant, the broader indicator should remain above UAH70.0bn at the end of this week.

Источник: ICU

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