This Tuesday, the Treasury paid UAH4.22bn in VAT refunds, significantly increasing the positive impact from non-monetary operations This offset outflows via the FX auction and pushed liquidity up UAH2.31bn to 100.68bn, allocating additional funds to reserves. Banks' correspondent accounts with the NBU rose UAH2.26bn to UAH55.53bn while total CDs outstanding increased a mere UAH0.05bn to UAH45.16bn.
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