KUALA LUMPUR, Dec 27 — 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 decreased to RM57.58 billion from RM59.24 billion this morning, while Islamic funds’ liquidity fell to RM37.27 billion from RM46.08 billion previously.
Earlier, the central bank called for three conventional money market tenders, three Qard tenders, four reverse repo tenders, and a Bank Negara Interbank Bills (BNIB) tender.
BNM 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 RM57.60 billion conventional money market tender and a RM37.30 billion Murabahah money market tender, both for one-day money.
The Malaysia Islamic Overnight Rate (MYOR-i) stood at 2.74 per cent as of Dec 23. — Bernama
