KUALA LUMPUR, Jan 5 — Short-term interbank rates ended steady today on Bank Negara Malaysia’s intervention to absorb excess liquidity from the financial system.
The liquidity surplus in the conventional system slipped to RM26.17 billion from RM32.39 billion earlier, while in the Islamic system, the excess declined to RM7.58 billion from RM11.92 billion.
In the morning, the central bank called for eight tenders — three conventional money market tenders, two Al-Wadiah tenders, two commodity murabahah tenders, and one repo tender.
The central bank also conducted a late conventional money market tender for RM26 billion and a RM7.5 billion Al-Wadiah money market tender, both for one-day money.
The overnight Islamic reference rate stood at 3.22 per cent while the one-, two- and three-week rates stood at 3.28 per cent, 3.32 per cent and 3.36 per cent respectively. — Bernama
