Daily Insight -- Banks accumulated funds in reserves
This Tuesday banks continued to accumulate funds as banks' correspondent accounts with the NBU rose UAH5.41bn to UAH59.55bn, setting a new year's high. Banks decreased investments in CDs by UAH4.63bn, setting a new low for total CDs outstanding this year at UAH20.27bn, as banks received UAH7.22bn of 2-week CD redemptions but purchased just UAH2.56bn of additional ON CDs.
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