Money market rates climbed sharply due to a liquidity shortfall in the financial system. Short-term benchmark rates continued to rise following substantial outflows from recent primary auction sales. The banking sector’s liquidity deficit widened by 37%, with a starting negative balance of ₦219.69 billion, according to TrustBanc Capital Limited. Due to this low liquidity, deposit … Continue reading Money Market Rates Surge Amidst Liquidity Deficit