KUALA LUMPUR, April 27 — 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 RM46.71 billion from RM44.69 billion this morning, while Islamic funds’ liquidity increased to RM23.40 billion from RM18.22 billion.
Earlier, the central bank conducted three conventional money market tenders, three Qard tenders and two reverse repo tenders.
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 Murabahah overnight tender from RM15.20 billion to RM22.40 billion.
At 4 pm, BNM called for a RM46.70 billion conventional money market tender and a RM22.40 billion murabahah money market tender, both for one-day monies.
The Malaysia Islamic Overnight Rate (MYOR-i) stood at 2.74 per cent as of April 26, 2023. — Bernama
