National Bank reported that in January the scope of its operations, raising banks reached a record over the past 25 months the level of 16.6 billion USD. This significant over the past two years exemption hryvnia weight controller explained the need to avoid the influence monetary factors on the stability the national currency. From the data of the NBU, it follows that he was forced to actively sell the bank certificates of deposit, constantly increasing their rate of return to stimulate the flow of money out of cash in non-cash form. It opposed the National Bank increased liquidity in the banking system - refinanced their only 1,4 billion UAH. Another 6.32 billion UAH banks received after the National Bank of monetization bonds internal goszayma.
Active withdrawal of money from the banking system led to the fact that the balances on correspondent accounts of banks with a level of 17.4 billion USD, first rose to 22.8 billion USD on 13 January, and then fell towards the end of the month to 17.5 billion US1000D. Growth this month was only 0.6%. It is noteworthy that the removal of liquidity has not led to growth rates. On a weighted average interbank lending rate fell from 7% to 6.2% (overnight - from 3,3% to 2,7%). Small increase in deposits of the population at 739 million UAH - to UAH 212.2 billion - is due to the inflow of hryvnia deposits. Their average rate decreased by 1,6% - to 12,4%, and the interest rate - once on 2,2% - to 17,4%.
Experts say that the reason for removal of large masses UAH in January was the need to neutralize the effect of the December issue to cover the budget deficit. Last December, the cash position increased by a record 6.2%, or 9.1 billion UAH. And in January, falling cash outside the banking system amounted to 2,5% to UAH 153.1 billion that the National Bank called “traditional for the first month of the year. “National Bank to stabilize the situation, and liquidity remains adequate, as indicated by low lending rates overnight at 1-2%,” - noted the chairman of the bank Khreschatyk Dmitry Gridzhuk.
Board Member Prominvestbank Vladislav Kravets confident that during 2010 the NBU to regulate liquidity in the system within 14-22 billion USD, not to create excessive pressure on the exchange rate and contribute to a slight credit economy. In this passive resource banks will have. “There was some stability, the population is now an understanding how to operate the banks and they return the deposits in the system,” - said Dmitry Gridzhuk. Therefore, deposit rates continue to decline. “The cost of credit rates are influenced by various risks, but they at least will not grow”, - said Vladislav Kravets.
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