Detailed research of monetary transmission mechanism in specific conditions of the Ukraine economy is
still actual in the analysis of short-run impact of monetary policy on the real economy. Purpose of this research
was to investigate the channel of monetary transmission, associated with household liquidity effect.
The dynamics of the share of national currency deposits in liabilities of banking system causes the real
output growth in short-run. Identified interrelations indicate the role of the banking system in formation of
consumer demand.