Excess liquidity to persist as N608bn inflow hits interbank

The interbank money market will this week, receive inflow of N608 billion from maturing treasury bills, aggravating the excess liquidity which prompted cost of funds to fall last week.

Last week, the market enjoyed inflow of N400 billion from matured Open Market Operation, OMO, treasury bills. As a result market liquidity absorbed the liquidity mop of N315.33 billion by the Central Bank of Nigeria, CBN, through OMO bills.

Read more at: https://www.vanguardngr.com/2018/07/excess-liquidity-to-persist-as-n608bn-inflow-hits-interbank/

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