KUALA LUMPUR, March 10 — Short-term interbank rates closed stable today following Bank Negara Malaysia’s intervention to absorb excess liquidity from the financial system.
The liquidity surplus in the conventional system fell to RM20.78 billion against the RM25.86 billion estimated in the morning while in the Islamic system, it dipped to RM1.42 billion from RM5.08 billion earlier.
In the morning, the central bank called for a three conventional money market tenders, three repos and two Al-Wadiah tenders.
It also conducted a late conventional money market tender for RM20.7 billion and a RM1.4 billion Al-Wadiah money market tender, both for one-day money.
The overnight rate stood at 2.94 per cent, while the one-, two- and three-week rates stood at 3.01 per cent, 3.04 per cent and 3.07 per cent, respectively. — Bernama
