KUALA LUMPUR, May 23 — 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 RM47.61 billion from RM49.26 billion this morning, while the liquidity of Islamic funds eased to RM21.91 billion from RM25.14 billion previously.

Earlier, the central bank conducted a conventional money market and two Qard tenders.

The central bank also announced the availability of a reverse repo, sale and buy-back agreements and collateralised commodity murabahah facilities for tenors of one to three months this morning.

At 4 pm, BNM called for an RM47.30 billion conventional money market tender and an RM21.90 billion Murabahah money market tender for one-day money.

The Malaysia Islamic Overnight Rate (MYOR-i) stood at 3.00 per cent as of May 22, 2023. — Bernama