KUALA LUMPUR, Aug 8 — Short-term interbank rates closed stable today on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system.
Liquidity in the conventional system rose to RM40.11 billion from RM37.93 billion this morning, while Islamic funds’ liquidity fell to RM19.30 billion from RM22.64 billion previously.
Earlier today, the central bank conducted a conventional money market tender, two Qard tenders and two reverse repo tenders.
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 revised the conventional overnight tender from RM38.90 billion to RM39.80 billion.
At 4 pm, the central bank called for a RM39.80 billion conventional money market tender and a RM19.30 billion Murabahah money market tender, both for one-day money.
The Malaysia Islamic Overnight Rate (MYOR-i) stood at 3.00 per cent as of Aug 7. — Bernama
