KUALA LUMPUR, April 20 — 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 expanded to RM39.51 billion from RM34.02 billion this morning, while Islamic funds’ liquidity fell to RM16.73 billion from RM27.30 billion.
Earlier, the central bank conducted a conventional money market tender, three Qard tenders and three reverse repo tenders.
BNM also revised the Murabahah overnight tender to RM38.5 billion from RM37.8 billion.
It also announced the availability of a reverse repo, sale and buy-back agreements, and collateralised commodity Murabahah facilities for tenors of one to three months.
At 4 pm, BNM called for a RM38.5 billion conventional money market tender and a RM16.7 billion Murabahah money market tender, both for one-day monies.
The Malaysia Islamic Overnight Rate (MYOR-i) stood at 2.71 per cent as of April 19, 2023. — Bernama