KUALA LUMPUR, Jan 13 — 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 fell to RM38.50 billion from RM40.79 billion this morning while Islamic funds’ liquidity decreased to RM39.18 billion from RM40.62 billion previously.

Earlier today, the central bank called for a conventional money market tender, a Qard tender and a reverse repo tender.

BNM 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 Murabahah overnight tender to RM38.20 billion from RM38.1 billion.

At 4 pm, it called for a RM38.50 billion conventional money market tender and a RM38.20 billion murabahah money market tender, both for three-day money.

The Malaysia Islamic Overnight Rate (MYOR-i) stood at 2.73 per cent as of Jan 12, 2023. — Bernama