KUALA LUMPUR, July 19 — 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 RM15.208 billion, from RM21.528 billion estimated in the morning, while in the Islamic system, it declined to RM277.43 million from RM1.783 billion.
Earlier, the central bank called for four conventional tenders, a repo tender and two Al-Wadiah tenders for RM350 million and RM730 million.
BNM also issued a late conventional tender for RM15.2 billion and a RM500 million Al-Wadiah tender, both for three-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
