KUALA LUMPUR, Jan 30 — 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 RM42.92 billion from RM43.89 billion this morning while Islamic funds’ liquidity fell to RM29.23 billion from RM34.26 billion previously.

Earlier today, the central bank called for three conventional money market tenders, three Qard tenders, two reverse repo tenders, a Commodity Murabahah programme for 31 days, and Bank Negara Interbank Bills.

At 4 pm, it called for a RM42.50 billion conventional money market tender and a RM29.20 billion Murabahah money market tender, both for three-day money.

The Malaysia Islamic Overnight Rate (MYOR-i) stood at 2.74 per cent as of Jan 27, 2023. — Bernama