KUALA LUMPUR, Feb 13 — 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 declined to RM38.89 billion from RM40.03 billion this morning, while Islamic funds’ liquidity fell to RM29 billion from RM32.56 billion previously.
Earlier today, the central bank conducted two conventional money market tenders, two reverse repo tenders and three Qard tenders.
It has also announced the availability of 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 RM38.9 billion conventional money market tender and a RM28.4 billion Murabahah money market tender, both for one-day money.
The Malaysia Islamic Overnight Rate (MYOR-i) stood at 2.75 per cent as of Feb 10, 2023. — Bernama
