KUALA LUMPUR, Oct 26 — 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 narrowed to RM45.82 billion from RM49.84 billion this morning, while Islamic funds’ liquidity expanded to RM32.61 billion from RM31.8 billion previously.
Earlier today, the central bank called for a conventional money market tender, commodity murabahah programme and reverse repo tender.
The availability of reverse repo, sale and buy-back agreement and collateralised commodity murabahah facilities for tenors of one to three months were also announced earlier.
At 4 pm, BNM called for a RM45.80 billion conventional money market tender and a RM32.60 billion murabahah money market tender, both for four-day money.
The average Islamic overnight rate stood at 1.72 per cent, while the one-, two- and three-week rates stood at 1.78 per cent, 1.82 per cent and 1.85 per cent respectively. — Bernama
