Short-Term Interbank Rates End Stable On Bank Negara Operations

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 improved to RM44.20 billion from RM44.14 billion while Islamic funds’ liquidity fell to RM23.41 billion from RM28.88 billion this morning.

Earlier, the central bank conducted two conventional money market tenders, two commodity Murabahah programme tenders as well as a reverse repo tender.

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 has revised the conventional overnight tender from RM42.0 billion to RM43.20 billion.

At 4 pm, the central bank called for a RM43.20 billion conventional money market tender and a RM23.40 billion Murabahah money market tender, both for one-day money.

The Malaysia Islamic Overnight Rate (MYOR-i) stood at 2.75 per cent as of April 11, 2023.

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