KUALA LUMPUR, May 10 — Short-term interbank rates closed steady today on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system.
Liquidity in the conventional system rose to RM40.01 billion from RM39.86 billion this morning, while the liquidity of Islamic funds eased to RM19.59 billion from RM19.82 billion previously.
Earlier today, the central bank conducted a conventional money market tender, one Commodity Murabahah Programme tender, and a reverse repo tender.
It also announced the availability of reverse repo, sale and buy-back agreements as well as Collateralised Commodity Murabahah facilities for tenors of one to three months.
BNM has revised the Murabahah overnight tender from RM18.3 billion to RM18.6 billion.
At 4 pm, it called for a RM40 billion conventional money market tender and an RM18.6 billion Murabahah money market tender, both for one-day money.
The Malaysia Islamic Overnight Rate (MYOR-i) stood at 2.97 per cent as of May 9, 2023. — Bernama