KUALA LUMPUR, Feb 27 —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 RM35.52 billion from RM36.45 billion while Islamic funds’ liquidity was down to RM30.04 billion from RM34.09 billion this morning.

Earlier today, the central bank conducted two conventional money market tenders, three reverse repo tenders, and three Qard 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.

At 4 pm, BNM called for a RM35.4 billion conventional money market tender and a RM30.0 billion murabahah money market tender for three-day monies.

The Malaysian Islamic overnight rate (MYOR-i) stood at 2.74 per cent as of Feb 24, 2023. — Bernama