Overnight Lending Rate Softens As Liquidity Narrows In Banking System

Money market rates moved unevenly on Monday as sizable outflows tied to recent Central Bank auctions failed to create major strain within the system. Data from FMDQ revealed that the overnight lending rate eased slightly as excess liquidity thinned following large OMO bill settlements. Despite the outflows, banks continued to channel funds into the Central … Continue reading Overnight Lending Rate Softens As Liquidity Narrows In Banking System