KUALA LUMPUR, Nov 15 — 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 RM45.33 billion from RM43.89 billion this morning, while Islamic funds’ liquidity eased to RM33.33 billion from RM45.31 billion previously.
Earlier today, the central bank called for a conventional money market tender, three reverse repo tenders, as well as three Qard tenders.
BNM revised the conventional overnight tender to RM44.3 billion from RM43.9 billion.
At 4pm, it called for a RM44.3 billion conventional money market tender and a RM33.3 billion Murabahah money market tender, both for one-day monies.
The Malaysia Islamic Overnight Rate (MYOR-i) stood at 2.75 as at Nov 14, 2022. — Bernama