Liquidity levels shoot as BoB rectifies data error

Friday, September 22, 2017

The BoB has revised upwards liquidity figures from January 2016

An emerging trend of tightening liquidity levels in the banking system has been abruptly wiped off after the central bank extensively revised figures upwards following what it said was ‘the discovery of omissions of certain data’ in the numbers.

A bank’s liquidity refers to its ability to meet all anticipated obligations such as funding loans or debt payments using available funds without having to liquidate other assets.

The recently released Botswana Financial Statistics (BFS) report for July shows liquidity levels are now higher from previously published figures with numbers having been changed upwards from as far back as January 2016.

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