hort-term interbank rates closed stable today on Bank Negara Malaysia’s operations to absorb surplus liquidity from the financial system.
Liquidity in the conventional system edged up to RM48.01 billion from RM41.71 billion this morning while Islamic funds’ liquidity decreased to RM20.11 billion from RM26.64 billion previously.
Earlier, the central bank conducted a conventional money market tender, one Qard tender and two reverse repo tenders.
It also announced the availability of reverse repo, sale and buy-back agreements and collateralised commodity murabahah facilities for tenors of one to three months.
BNM revised the conventional overnight tender from RM42.7 billion to RM47.0 billion.
At 4pm, BNM called for a RM47.0 billion conventional money market tender and a RM20.10 billion murabahah money market tender, both for one-day money.
The Malaysia Islamic Overnight Rate (MYOR-i) stood at 2.98 per cent as of August 25.
