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Money Markets
System liquidity declined today, opening in a deficit of ca ₦105.10 billion, lower than previous day’s opening balance of ca ₦39.15 billion. However, the Open Buy Back (OBB) and Overnight (ON) rates trended lower to settle at 9.50% and 10.75% from 13.00% and 13.75% respectively, the previous day.
System liquidity improved today, opening with a balance of ca ₦39.15 billion, higher than previous day’s opening deficit of ca ₦72.26 billion, as inflows of ca ₦102 billion impacted the system from Open Market Operations (OMO) maturities. Thus, the Open Buy Back (OBB) and Overnight (ON) rates trended lower to settle at 13.00% and 13.75% from 15.33% and 16.00% respectively, the previous day.
Interbank system liquidity opened in a deficit ca ₦72.26 billion, better than Friday’s opening deficit of ca ₦211.01 billion. Thus, the Open Buy Back (OBB) and Overnight (ON) rates trended lower to settle at 15.33% and 16.00% from 16.00% and 17.25% respectively, the previous day.
FIXED INCOME MARKET Money Markets Interbank system liquidity opened in a deficit ca -₦211.01 billion, […]
FIXED INCOME MARKET Money Markets Interbank system liquidity improved today, albeit still in a deficit […]
FIXED INCOME MARKET Money Markets Interbank system liquidity slipped further into a deficit to open […]
FIXED INCOME MARKET Money Markets Interbank system liquidity waned today, opening with a deficit balance […]
FIXED INCOME MARKET Money Markets Banking system liquidity opened the first day of the week, […]
The Monetary Policy Committee (MPC) concluded its 2-day meeting today, retaining all key policy rates – The Monetary Policy Rate (MPR), Cash Reserve Ratio (CRR) and Liquidity ratio at 11.50%, 27.50% and 30.00% respectively, while maintaining an asymmetric corridor at +100/–700 basis points around the MPR. Key considerations by the MPC in retaining key policy rates were the nation’s positive growth – recording a Gross Domestic Product (GDP) growth of +5.01% in Q2 2021, and persistent drop in headline inflation at 17.01% in August 2021.
Interbank system liquidity opened with a deficit of ca ₦102.18 billion today, worse than previous day’s opening balance of ca ₦64.56billion. Thus, the Open Buy Back (OBB) and Overnight (ON) rates trended lower to settle at 7.00% and 7.75% from 13.00% and 13.55% respectively, the previous day.
