KUALA LUMPUR, Nov 15 — 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 RM41.42 billion from RM38.76 billion this morning, while the liquidity of Islamic funds slid to RM22.35 billion from RM22.74 billion previously.
Earlier, the central bank called for two conventional money market tenders and two reverse repo tenders.
It also announced the availability of reverse repo, sale and buy-back agreements and collateralised commodity murabahah facilities for one-month and three-month tenors.
BNM revised the conventional overnight tender from RM39.3 billion to RM41.4 billion.
At 4 pm, BNM called for a RM41.4 billion conventional money market tender and a RM22.3 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 Nov 14. — Bernama
