KUALA LUMPUR, July 6 —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 eased to RM40.30 billion from RM41.80 billion this morning, while Islamic funds’ liquidity rose to RM20.20 billion from RM18.22 billion previously.
Earlier, the central bank conducted 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.
The central bank has revised the conventional overnight tender from RM18.2 billion to RM20.2 billion.
At 4 pm, BNM called for a RM40.3 billion conventional money market tender and a RM20.2 billion murabahah money market tender, both for one-day money.
The Malaysia Islamic Overnight Rate (MYOR-i) stood at 3.02 per cent as of July 5. — Bernama
