Interbank Market Liquidity Keeps Short-Term Rates Stable

Robust liquidity in the financial system kept short-term benchmark rates stable midweek, despite outflows from net Open Market Operation (OMO) bill settlements. According to AIICO Capital Limited, system liquidity closed at ₦1.373 trillion on Wednesday, down ₦94.10 billion from the opening balance of ₦1.467 trillion. Analysts noted that banks’ use of the Central Bank of … Continue reading Interbank Market Liquidity Keeps Short-Term Rates Stable