Monday, September 7 2026
Monday, September 7 2026
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Both two and seven-day deals were done at the single policy rate of 8.75 percent, and not higher rates for the longer tenor.
While withdrawing liquidity can reduce resources for new credit and pressure on the currency, analysts have warned that to 'safeguard' fx reserves, temporarily sterilization is not useful as banks will lend it to clients eventually generating imports leading to pressure on the currency.
To 'safeguard' reserves, represented by the liquidity, domestic assets of the central bank has to be sold to banks in a final transaction to hold in their balance sheets, instead of a loan.
The central bank can also sell their own securities, but they have be rolled over at market rates to prevent currency pressure.
| 3 month bill | 9.22% | 22bp ▼ |
| 12-m bill | 9.91% | 10bp ▼ |
| Gold (Ounce) | $4602 | - - |
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