(Reuters) - Nigerian interbank interest rates dropped to 7.0 percent on average at the short-end of the money market due to public sector cash inflows, ending four weeks of liquidity crunch in the market, dealers said on Friday.
The three benchmark rates -- secured Open Buy Back (OBB), call money and overnight placement -- fell to 7.0 percent each, compared with 10.5 percent for OBB and 12 percent for overnight and call last week.
Read more at Reuters Africa
The three benchmark rates -- secured Open Buy Back (OBB), call money and overnight placement -- fell to 7.0 percent each, compared with 10.5 percent for OBB and 12 percent for overnight and call last week.
Read more at Reuters Africa
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