KUALA LUMPUR, April 11 — 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 rose to RM41.73 billion from RM41.50 billion while Islamic funds’ liquidity dropped to RM21.89 billion from RM30.68 billion this morning.
Earlier, the central bank conducted a conventional money market tender, a Commodity Murabahah Programme tender, three Qard tenders, a reverse repo tender, as well as one Bank Negara Interbank Bills tender.
It also announced the availability of a reverse repo, sale and buy-back agreements, and collateralised commodity Murabahah facilities for tenors of one to three months.
BNM revised the conventional overnight tender from RM39.9 billion to RM40.7 billion.
At 4 pm, the central bank called for a RM40.70 billion conventional money market tender and a RM21.90 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 April 10, 2023. — Bernama
