KUALA LUMPUR, Dec 22 — 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 RM52.70 billion from RM58.10 billion this morning, while Islamic funds’ liquidity fell to RM32.99 billion from RM35.69 billion previously.
Earlier, the central bank called for three conventional money market tenders, three Qard tenders and a reverse repo tender.
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 RM51.70 billion conventional money market tender and a RM32.50 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 Dec 21. — Bernama