KUALA LUMPUR, Nov 13 — Short-term interbank rates closed stable today on Bank Negara Malaysia’s (BNM) intervention to absorb surplus liquidity in the financial system.
The liquidity surplus in the conventional system fell to RM27.85 billion from RM30.51 billion earlier, while in the Islamic system, it eased to RM9.56 billion from RM13.05 billion previously.
In the morning, BNM called for three tenders, comprising one each of conventional money market, Qard and Commodity Murabahah Programme.
The central bank conducted a late conventional overnight tender for RM27.8 billion and a RM9.5 billion Qard tender, both for three-day money.
The overnight Islamic reference rate stood at 3.21 per cent while the one-, two- and three-week rates were 3.28 per cent, 3.33 per cent and 3.37 per cent respectively. — Bernama
