Monthly Financial Market Update – October 2024
Global Macroeconomic Review United States: The U.S. economy displayed resilience in September with robust job gains, as non-farm payroll employment surged by 254,000, significantly surpassing projections. This strong labor market performance brought the…
FINANCIAL MARKETS TODAY – 05 November 2024
Money Market System liquidity opened lower today; however, after the OMO auction, interbank rates closed significantly higher. Specifically, the Overnight Policy Rate (OPR) increased by 10.59% to 29.81%, while the Overnight Rate (O/N) rose by 10.67% to…
FINANCIAL MARKETS TODAY – 04 November 2024
Money Market System liquidity stayed relatively buoyant due to the absence of significant debits. Consequently, the interbank market remained stable. The Overnight Policy Rate (OPR) decreased by 3 bps to 19.22%, whereas the Overnight Rate (O/N) saw a…
FINANCIAL MARKETS WEEKLY – 01 NOVEMBER 2024
Money Markets System liquidity saw a substantial improvement this week, driven by inflows from OMO maturities, remita inflows, and Signature bonuses, despite debits from FX settlements and CRR. This positive trend significantly eased funding rates across…
