KUALA LUMPUR, Feb 8 — 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 RM36.70 billion from RM38.84 billion this morning, while Islamic funds’ liquidity fell to RM27.91 billion from RM28.84 billion previously.

Earlier today, the central bank conducted one conventional money market tender and three Commodity Murabahah Programme tenders.

At 4 pm, BNM called for a RM36.7 billion conventional money market tender and a RM27.4 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 Feb 7, 2023. — Bernama