The National Bank of Ukraine (NBU) has started publishing daily analysis of liquidity of the banking system containing data about the state of the correspondent accounts of banks as of early working day and information about factors influencing their change, the regulator has said on its website.
The data will be updated before 11:00 of the next working day and could be revised by the end of the day. Information about the amount of obligatory reserves will be updated every month on the fourth working day after finishing the previous period.
“Market players will receive unbiased benchmarks for planning their transactions on the interbank currency market and determining optimal needs for participating in the regulating transactions of the NBU. Behavior of all players will be more rational. This would cut the risk of large accidental fluctuations of demand and supply on the interbank market and would help to mitigate volatility of rates on it”, the NBU said. (Interfax/Business World Magazine)
