KUALA LUMPUR, Nov 14 — Short-term interbank rates closed stable today on Bank Negara Malaysia’s (BNM) intervention to absorb excess liquidity from the financial system.
The liquidity surplus in the conventional system eased to RM33.68 billion from RM35.10 billion earlier while in the Islamic system, it fell to RM4.0 billion from RM11.85 billion.
Earlier, BNM conducted two Qard tenders and a reverse repo tender.
The central bank also conducted a RM33.60 billion conventional money market tender and a RM4 billion Qard money market tender, both for one-day money.
The overnight Islamic reference rate stood at 2.95 per cent, while the one-, two- and three-week rates stood at 3.01 per cent, 3.06 per cent and 3.10 per cent, respectively. — Bernama
