KUALA LUMPUR, May 30 — 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 increased to RM51.12 billion from RM49.85 billion this morning, while the liquidity of Islamic funds narrowed to RM20.86 billion from RM26.61 billion previously.

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

BNM revised the conventional overnight tender to RM50.1 billion from RM48.2 billion.

At 4 pm, BNM called for a RM50.1 billion conventional money market tender and a RM20.9 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 29, 2023. — Bernama