Short-term interbank rates finish stable on BNM operations

KUALA LUMPUR, Nov 21 — Short-term interbank rates closed steady today on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system.

Liquidity in the conventional system fell to RM48.33 billion from RM56.37 billion this morning while Islamic funds’ liquidity dipped to RM38.40 billion from RM43.10 billion.

Earlier today, the central bank called for three conventional money market tenders, three Qard tenders, and two reverse repo tenders.

At 4pm, it called for a RM48.30 billion conventional money market tender and a RM38.40 billion Murabahah money market tender, both for one-day money.

The Malaysia Islamic overnight rate (MYOR-i) stood at 2.73 per cent as of November 17, 2022. — Bernama