KUALA LUMPUR, July 18 — Short-term interbank rates closed stable today as Bank Negara Malaysia (BNM) intervened to absorb excess liquidity from the financial system.
The liquidity surplus in the conventional operations fell to RM15.252 billion, from RM21.545 billion estimated in the morning, while in the Islamic system, it declined to RM837.80 million from RM1.943 billion earlier.
Earlier, the central bank called for a range maturity auction, a repo tender, three Al-Wadiah tenders and a Commodity Murabahah Programme.
BNM also issued a late conventional tender for RM15.3 billion and a RM800 million Al-Wadiah tender, both for one-day money.
The overnight rate remained at 2.92 per cent, while the one-, two- and three-week rates stood at 2.98 per cent, 3.02 per cent and 3.04 per cent, respectively. — Bernama
