Despite an anticipated decline from a SWAP deal about UAH2.5bn, liquidity slightly increased this Wednesday. The NBU appears to have purchased a new portion of FX, decreasing the negative impact of a SWAP repayment to minus UAH1.53bn. The increase in liquidity was caused by non-monetary operations as the Treasury increased expenditures after fund collections fell significantly. Treasury operations injected UAH3.37bn and banks also exchanged UAH1.08bn in cash.
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