Turnovers on the money market in the week of 17-21 October 2005
In the week of 17-21 October 2005 a regular survey was conducted on the daily average turnovers on the money market. This survey is carried out by the Czech National Bank regularly twice a year with participation of all relevant domestic banks dealing on the money market.
As compared with April 2005 figures the daily average turnover decreased from CZK 52.7 bln to CZK 46.1 bln thus reaching the comparable level with the October 2004 figures. This decrease is related mainly to the decrease of the deposit operations both with residents and non-residents with the maturity up to three months, of which the traded volume went down by almost 13 %. The highest relative growth by almost 440 % was seen in the trades with residents with maturity between 3 and 6 months but their volume is still insignificant as in other reviewed categories.
On the whole, the most significant on the money market are still deposit operations with the maturity up to 3 months comprising almost 98 % share of the total turnover. Other instruments are used rarely. In particular, volume of repo trades is still very low (CZK 281 mio.). Repos with nonresidents and repos with the maturity over 3 months are not traded at all.