Excess liquidity in the banking system continued to shape money market dynamics this week, driving down short-term benchmark interest rates despite muted activity. Analysts noted that interbank borrowing costs remained relatively lower, reflecting the system’s surplus liquidity. The Central Bank of Nigeria (CBN), however, did not conduct open market operations (OMO) as expected, allowing excess … Continue reading Excess Liquidity In Banking Sector Pushes Up Short-Term Rates