KUALA LUMPUR, Dec 5 — Short-term interbank rates closed stable today on Bank Negara Malaysia’s (BNM) intervention to mop up excess liquidity from the financial system.
The liquidity surplus in the conventional system fell to RM18.50 billion from the RM23.89 billion estimated in the morning, while in the Islamic system, it dropped to RM4.40 billion from RM10.73 billion.
In the morning, the central bank called for five tenders — two money market, one Islamic range maturity auction, one repo and one Commodity Murabahah Programme.
BNM also conducted a late conventional money market tender for RM18.5 billion and a RM4.4 billion Al-Wadiah money market tender, both for three-day money.
The overnight Islamic reference rate stood at 3.22 per cent, while the one-, two- and three-week rates stood at 3.27 per cent, 3.31 per cent and 3.35 per cent, respectively. — Bernama
