KUALA LUMPUR, June 20 — Short-term interbank rates closed stable today on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system.
Liquidity in the conventional system expanded to RM46.32 million from RM45.08 billion this morning while the liquidity of Islamic funds declined to RM24.58 billion from RM30.21 billion previously.
Earlier, the central bank conducted a conventional money market tender, two Qard tenders and two and two reverse repo tenders .
BNM also announced the availability of reverse repo, sale and buy-back agreements as well as collateralised commodity Murabahah facilities for tenors of one to three months.
At 4pm, BNM called for a RM45.2 billion conventional money market tender and a RM24.6 billion Murabahah money market tender, both for one-day money.
The Malaysia Islamic Overnight Rate (MYOR-i) stood at three per cent as of June 19. — Bernama
