Daily Insight -- Treasury increases expenditures

This Tuesday, the banking system received UAH1.11bn more funds than the Treasury collected in tax payments. There was second time that the Treasury injected money into the banking system. Together with cash exchanged in reserves, non-monetary operations had a positive impact on liquidity of UAH1.88bn, enough to cover the NBU's absorption of UAH1.32bn in FX sales. Ultimately, banking sector liquidity rose UAH0.57bn to UAH98.89bn.