Daily Insight -- Banks increased CDs outstanding
​As the month begins, liquidity should become more stable, and, therefore, banks will increase investments in CDs. On Monday, UAH5.67bn more CDs were purchased than were redeemed. There was a preference for 14-day CDs over ON certificates. However, there was a renewed wave of outflows to Treasury accounts, and liquidity declined UAH1.03bn to UAH103.30bn. As a result, due to the increase in CDs combined with outflows, banks' correspondent accounts with the NBU fell UAH6.71bn to UAH44.09bn.
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