Daily Insight -- Liquidity up on VAT refund
​According to NBU data, the impact of non-monetary operations on liquidity was a significant UAH7.71bn of net inflows, where only UAH0.42bn was an increase in cash. The main portion of inflows was caused by the Treasury as the DGF injected UAH7.32bn into liquidity. Other operations that caused outflows amounted to UAH0.03bn. A key inflow from the Treasury was the VAT refund of UAH8.53bn, which increased the monthly amount to UAH9.92bn.
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