{"id":413569,"date":"2011-05-02T06:00:00","date_gmt":"2011-05-02T06:00:00","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/05\/02\/inter-bank-rates-rise-on-cash-outflow\/"},"modified":"2011-05-02T06:00:00","modified_gmt":"2011-05-02T06:00:00","slug":"inter-bank-rates-rise-on-cash-outflow","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/05\/02\/inter-bank-rates-rise-on-cash-outflow\/","title":{"rendered":"Inter-bank rates rise on cash outflow"},"content":{"rendered":"

\n<\/p>\n

Inter-bank lending rates rose to 10.41 per cent on the average last week from 10.25 per cent recorded the previous week after liquidity in the system fell on cash outflows to foreign exchange and treasury bills purchases.<\/span><\/p>\n

The secured Open Buy Back was stable at 9.50 per cent, indicating an increase of 200 basis points above the Central Bank of Nigeria\u2019s 7.50 per cent benchmark rate and 4.5 percentage points higher than the Standing Deposit Facility rate.<\/span><\/p>\n

However, overnight placement rose to 10.75 per cent from 10.50 per cent, while call money inched up at 11 per cent from 10.75 per cent the preceding week.<\/span><\/p>\n

The market opened with a balance of about N95.02bn ($615.7m), slightly higher than the previous week\u2019s after an inflow from cash call payments to joint oil venture partners by the government.<\/span><\/p>\n

Reuters quoted a dealer as saying, \u201cThe market is short because of outflows to foreign exchange and treasury bills purchases and we expect it to remain so next week considering the number of transactions.\u201d<\/span><\/p>\n

Nigeria sold $250m at the only foreign exchange auction in the week on Wednesday.<\/span><\/p>\n

Trading days were shorter last week because of a two-day public holiday to mark Easter Monday and for state elections on Tuesday.<\/span><\/p>\n<\/div>\n<\/p>\n

More:
\nInter-bank rates rise on cash outflow<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Inter-bank lending rates rose to 10.41 per cent on the average last week from 10.25 per cent recorded the previous week after liquidity in the system fell on cash outflows to foreign exchange and treasury bills purchases. The secured Open Buy Back was stable at 9.50 per cent, indicating an increase of 200 basis points above the Central Bank of Nigeria\u2019s 7.50 per cent benchmark rate and 4.5 percentage points higher than the Standing Deposit Facility rate. <\/p>\n","protected":false},"author":0,"featured_media":413570,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":{"0":"post-413569","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-entertainment"},"yoast_head":"\nInter-bank rates rise on cash outflow - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/05\/02\/inter-bank-rates-rise-on-cash-outflow\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Inter-bank rates rise on cash outflow - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Inter-bank lending rates rose to 10.41 per cent on the average last week from 10.25 per cent recorded the previous week after liquidity in the system fell on cash outflows to foreign exchange and treasury bills purchases. The secured Open Buy Back was stable at 9.50 per cent, indicating an increase of 200 basis points above the Central Bank of Nigeria\u2019s 7.50 per cent benchmark rate and 4.5 percentage points higher than the Standing Deposit Facility rate.\" \/>\n<meta name=\"twitter:creator\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:site\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/05\/02\/inter-bank-rates-rise-on-cash-outflow\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/05\/02\/inter-bank-rates-rise-on-cash-outflow\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Inter-bank rates rise on cash outflow\",\"datePublished\":\"2011-05-02T06:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/05\/02\/inter-bank-rates-rise-on-cash-outflow\/\"},\"wordCount\":212,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/05\/02\/inter-bank-rates-rise-on-cash-outflow\/#primaryimage\"},\"thumbnailUrl\":\"\",\"articleSection\":[\"Entertainment\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/05\/02\/inter-bank-rates-rise-on-cash-outflow\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/05\/02\/inter-bank-rates-rise-on-cash-outflow\/\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/05\/02\/inter-bank-rates-rise-on-cash-outflow\/\",\"name\":\"Inter-bank rates rise on cash outflow - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/05\/02\/inter-bank-rates-rise-on-cash-outflow\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/05\/02\/inter-bank-rates-rise-on-cash-outflow\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2011-05-02T06:00:00+00:00\",\"author\":{\"@id\":\"\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/05\/02\/inter-bank-rates-rise-on-cash-outflow\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/05\/02\/inter-bank-rates-rise-on-cash-outflow\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/\",\"name\":\"Ghanamma.com\",\"description\":\"News In Ghana - Latest Ghana News Headlines\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ghanamma.com\/2011\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Inter-bank rates rise on cash outflow - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2011\/05\/02\/inter-bank-rates-rise-on-cash-outflow\/","twitter_card":"summary_large_image","twitter_title":"Inter-bank rates rise on cash outflow - Ghanamma.com","twitter_description":"Inter-bank lending rates rose to 10.41 per cent on the average last week from 10.25 per cent recorded the previous week after liquidity in the system fell on cash outflows to foreign exchange and treasury bills purchases. The secured Open Buy Back was stable at 9.50 per cent, indicating an increase of 200 basis points above the Central Bank of Nigeria\u2019s 7.50 per cent benchmark rate and 4.5 percentage points higher than the Standing Deposit Facility rate.","twitter_creator":"@ghanamma","twitter_site":"@ghanamma","twitter_misc":{"Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ghanamma.com\/2011\/05\/02\/inter-bank-rates-rise-on-cash-outflow\/#article","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2011\/05\/02\/inter-bank-rates-rise-on-cash-outflow\/"},"author":{"name":"","@id":""},"headline":"Inter-bank rates rise on cash outflow","datePublished":"2011-05-02T06:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ghanamma.com\/2011\/05\/02\/inter-bank-rates-rise-on-cash-outflow\/"},"wordCount":212,"commentCount":0,"image":{"@id":"https:\/\/www.ghanamma.com\/2011\/05\/02\/inter-bank-rates-rise-on-cash-outflow\/#primaryimage"},"thumbnailUrl":"","articleSection":["Entertainment"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.ghanamma.com\/2011\/05\/02\/inter-bank-rates-rise-on-cash-outflow\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.ghanamma.com\/2011\/05\/02\/inter-bank-rates-rise-on-cash-outflow\/","url":"https:\/\/www.ghanamma.com\/2011\/05\/02\/inter-bank-rates-rise-on-cash-outflow\/","name":"Inter-bank rates rise on cash outflow - Ghanamma.com","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2011\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.ghanamma.com\/2011\/05\/02\/inter-bank-rates-rise-on-cash-outflow\/#primaryimage"},"image":{"@id":"https:\/\/www.ghanamma.com\/2011\/05\/02\/inter-bank-rates-rise-on-cash-outflow\/#primaryimage"},"thumbnailUrl":"","datePublished":"2011-05-02T06:00:00+00:00","author":{"@id":""},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ghanamma.com\/2011\/05\/02\/inter-bank-rates-rise-on-cash-outflow\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ghanamma.com\/2011\/05\/02\/inter-bank-rates-rise-on-cash-outflow\/#primaryimage","url":"","contentUrl":""},{"@type":"WebSite","@id":"https:\/\/www.ghanamma.com\/2011\/#website","url":"https:\/\/www.ghanamma.com\/2011\/","name":"Ghanamma.com","description":"News In Ghana - Latest Ghana News Headlines","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ghanamma.com\/2011\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts\/413569","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/comments?post=413569"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts\/413569\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts\/413570"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/media?parent=413569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/categories?post=413569"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/tags?post=413569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}