Interbank Rate Jumps to 1-Year High

Interbank rates have been declining over 14 straight weeks reaching 21.09% on Thursday, the highest in one year.
The rate was 19.9% in late March before declining to 17.95% on July 8, the lowest in the present fiscal year. Ever since the rates began to rise steadily. Decline in the first few months of the year was linked largely to the liquidity surplus in the interbank market.