KUALA LUMPUR, Jan 18 — 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 declined to RM53.23 billion from RM53.68 billion this morning while Islamic funds’ liquidity slipped to RM44.89 billion from RM47.82 billion previously.

Earlier today, the central bank called for a conventional money market tender and a commodity Murabahah programme tender.

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 to RM48.0 billion from RM43.4 billion.

At 4pm, it called for a RM52.2 billion conventional money market tender and a RM44.9 billion Murabahah money market tender, both for one-day money.

The Malaysia Islamic Overnight Rate (MYOR-i) stood at 2.73 per cent as of January 17, 2023. — Bernama