KUALA LUMPUR, June 8 — Short-term interbank rates closed steady today on Bank Negara Malaysia’s (BNM) intervention to mop up surplus liquidity from the financial system.
The liquidity surplus in the conventional system eased to RM26.90 billion from RM32.71 billion earlier, while in the Islamic system, it fell to RM3.40 billion from RM8.62 billion.
In the morning, BNM called for six tenders — two conventional money market; two repos; one Al-Wadiah; and one, commodity Murabahah programme.
The central bank also conducted a late conventional money market tender for RM26.9 billion and a RM3.4 billion Al-Wadiah tender, both for one-day money.
The overnight Islamic reference rate stood at 3.21 per cent while the one-, two- and three-week rates stood at 3.27 per cent, 3.32 per cent and 3.35 per cent respectively. — Bernama
