KUALA LUMPUR, April 19 (±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 narrowed to RM35.12 billion from RM39.64 billion this morning, while Islamic funds’ liquidity widened to RM20.68 billion from RM18.62 billion.
Earlier, the central bank conducted a conventional money market tender and a Commodity Murabahah Programme tender.
BNM also revised Murabahah overnight tender to RM19.7 billion from RM17.1 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 RM35.1billion conventional money market tender and a RM19.7 billion murabahah money market tender, both for one-day monies.
The Malaysia Islamic Overnight Rate (MYOR-i) stood at 2.75 per cent as of April 18, 2023. — Bernama