KUALA LUMPUR, Feb 2 — 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 declined to RM39.35 billion from RM44.63 billion this morning while Islamic funds’ liquidity fell to RM30.44 billion from RM33.10 billion previously.
Earlier, the central bank conducted three conventional money market and three Qard tenders.
It has also announced the availability of reverse repo, sale and buy-back agreements and collateralised commodity murabahah facilities for tenors of one to three months.
At 4 pm, it called for a RM39.30 billion conventional money market tender and a RM29.40 billion Murabahah money market tender, both for one-day monies.
It has also revised Murabahah overnight tender to RM29.4 billion from RM28.9 billion previously.
The Malaysia Islamic Overnight Rate (MYOR-i) stood at 2.72 per cent as of Jan 31, 2023. — Bernama
