Daily Insight -- Liquidity stabilizes
​After significant volatility from the end of February through the first day of March, liquidity appears to have stabilized at the end of last week following the NBU's decision to leave the key monetary rate unchanged. Last Thursday, the Treasury received only about UAH4bn of revenues to the budget as it spent slightly more than that. As a result, last Friday total banking sector liquidity was up a mere UAH0.25bn to UAH102.77bn, including a significant reallocation of funds. Banks' correspondent accounts with the NBU rose UAH2.90bn to UAH42.86bn while total Cds outstanding fell UAH2.65bn to UAH59.91bn.
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