KUALA LUMPUR, June 27 — 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 narrowed to RM44.19 billion from RM45.45 billion this morning, while Islamic funds’ liquidity fell to RM25.03 billion from RM28.90 billion previously.
Earlier, the central bank conducted a conventional money market tender, one reverse repo tender and two Qard 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 4 pm, BNM called for a RM44.2 billion conventional money market tender and a RM25.0 billion Murabahah money market tender, both for one-day money.
The Malaysia Islamic Overnight Rate (MYOR-i) stood at 3.00 per cent as of June 26. — Bernama
