OREANDA-NEWS. In Ukraine, the last week was characterized by an equilibrium in the dollar segment of the domestic FOREX market with a tendency towards slight domination of demand for the Dollar, OTP Bank's press service reports.

On October 1, the market was in equilibrium, and the rate was fluctuating in 5.035-5.048 range. On October 2, the demand for the US Dollars increased, and the rate jumped from 5.035-5.040 to 5.05. On October 3, the situation repeated, and the rate increased from5.045-5.049 to 5.055-5.059. On October 4, the Dollar was trading in 5.045-5.055 range. The National Bank has not made any interventions in the dollar segment of the domestic FOREX market this week. The official exchange rate UAH/USD remained unchanged at 5.05, while the official exchange rate UAH/EUR decreased by 0.5% due toan appreciation of the US dollar at the world FOREX market.

The liquidity of the banking system reached the record level on October 4, supporting low interbank interest rates. Over Monday-
Thursday, overnight KIEIBOR was fluctuating in 1.0-1.23% range and stabilized at 1.01% on October 4. 1-month KIEIBOR was fluctuating in 5.93-6.61% range and stabilized at 5.93% on Thursday. The balances of the correspondent accounts increased from UAH 22.3 bn on Monday to UAH 23.2 bn on Thursday. Taking into accountthat the volume of compulsory reserves of the banking system is approximately UAH 5.5 bn, the level of “free liquidity” reached UAH 17.7 bn on October 4. In the view of OTP Bank analysts, this level of “free liquidity” is high enough to support low interbank interest rates.