KUALA LUMPUR, Jan 17 — 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 increased to RM49 billion from RM43.53 billion this morning while Islamic funds’ liquidity declined to RM45.53 billion from RM47.23 billion previously.

Earlier today, the central bank called for a conventional money market tender, two Qard tenders and a reverse repo 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.

BNM revised conventional overnight tender to RM48 billion from RM43.4 billion.

At 4 pm, it called for a RM48 billion conventional money market tender and a RM44.6 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 Jan 16, 2023. — Bernama