Browsing: Money Market

Money market rates closed mixed despite a significant surge in financial system liquidity at the beginning of the week. The overnight lending rate rose, but the repo rate closed flattish.

Money market rates declined moderately, driven by an excess of liquidity in the financial system following a cut in Nigeria’s monetary policy rate (MPR).

Inflows from expired OMO bills and from deposit money banks (DMBs)’ lodgments buoyed liquidity in the financial system, investment firms said in separate market updates.

A flood of inflow from expired investment securities, amid zero liquidity mop-up, drove excess liquidity in the money market higher last week. 

Money market rates fell as deposit money banks (DMBs) stepped up cash lodgment at the Central Bank of Nigeria (CBN) Standing Deposit Facility (SDF) window, enhancing financial system liquidity.

The overnight lending rate surged while the repo rate remained steady as money market liquidity increased

Money Market Rates Decline as Banks’ SDF Placements Surge The liquidity conditions in the money market improved as deposit money…

Overnight, Repo Rates Steady with Excess Liquidity in Money Market Excess liquidity in the financial system kept repo and overnight…

The money market liquidity improved following inflows from matured bonds and Nigerian treasury bills. The market experienced liquidity fluctuation that plunged liquidity into deficit after the OMO bills settlement during the week.

Money Market Rates Diverge as System Liquidity Fluctuates Money market rates diverged as liquidity levels in the financial system fluctuated…