KUALA LUMPUR, Dec 19 — 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 decreased to RM50.1 billion from RM52.53 billion this morning, while Islamic funds’ liquidity declined to RM32.72 billion from RM38.72 billion previously.
Earlier, the central bank called for two conventional money market tenders, three Qard tenders, and a reverse repo tender.
At 4 pm, it called for a RM50 billion conventional money market tender and a RM32.7 billion Murabahah money market tender, both for one-day money.
The Malaysia Islamic Overnight Rate (MYOR-i) stood at 2.77 per cent as of Dec 16, 2022. — Bernama
