KUALA LUMPUR, May 22 — 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 RM48.32 billion from RM47.4 billion this morning while the liquidity of Islamic funds eased to RM21.59 billion from RM25.94 billion previously.

Earlier, the central bank conducted one 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 to RM47.3 billion from RM47.0 billion.

At 4 pm, BNM called for a RM47.3 billion conventional money market tender and a RM21.6 billion Murabahah money market tender for three-day money.

The Malaysia Islamic Overnight Rate (MYOR-i) stood at 3.00 per cent as of May 19, 2023. — Bernama