KUALA LUMPUR, July 22 — Short-term interbank rates closed stable today on Bank Negara Malaysia’s (BNM) intervention to absorb surplus liquidity from the financial system.
The liquidity surplus in the conventional system fell to RM26.97 billion from RM35.22 billion earlier, while in the Islamic system, it dropped to RM5.80 billion from RM11.61 billion previously.
In the morning, BNM called for four tenders — a range maturity auction, two Qard, and a reverse repo tender.
The central bank also conducted a late conventional money market tender for RM27 billion and a RM5.80 billion Qard 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
