KUALA LUMPUR, Feb 15 — 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 was maintained at RM36.90 billion, while Islamic funds’ liquidity fell to RM28.84 billion from RM29.10 billion this morning.

Earlier today, the central bank conducted one conventional money market tender and a Commodity Murabahah Programme 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.

It revised the conventional overnight tender from RM34.9 billion to RM35.9 billion.

At 4 pm, BNM called for a RM35.9 billion conventional money market tender and a RM28 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 14, 2023. — Bernama