Liquidity increases with FX auctions



26 мая 2016 года
ICU

The NBU continued to purchase FX at the market, pushing banking sector liquidity up UAH0.92bn to UAH95.62bn yesterday, following Tuesday's NBU purchase of US$56.8m of US dollars at UAH25.15/USD. This injection caused the increase in liquidity, as banks' correspondent accounts with the NBU rose UAH2.77bn to UAH39.44bn while total CDs outstanding fell UAH1.85bn to UAH56.18bn.

Investment implications: Today, liquidity should decline at least UAH1.0-1.5bn with UAH2.3bn of new government bonds being settler yesterday. This could be partially covered by the NBU with yesterday's purchase of US$36.5m of FX at UAH25.12/USD. Month-end tax payments most likely will be postponed to the last few days of the month.

Источник: ICU



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