Daily Insight -- Significant VAT refund
​The Treasury paid a UAH8.56bn VAT refund this Monday, increasing the amount paid this year twofold to UAH16.97bn. With this inflow, the impact of Treasury deals on liquidity was UAH7.57bn. Total non-monetary operations rose UAH8.80bn, including an increase in cash. Banking sector liquidity rose by the same UAH8.80bn to UAH107.16bn, including an increase in banks' correspondent accounts with the NBU of UAH3.19bn and total CDs outstanding up UAH5.61bn to UAH52.77bn.
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