KUALA LUMPUR, April 10 — 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 rose to RM38.70 billion from RM35.48 billion while Islamic funds’ liquidity dropped to RM27.81 billion from RM32.15 billion this morning.
Earlier, the central bank conducted a conventional money market tender, a Commodity Murabahah Programme (CMP) tender, two Qard tenders, and three reverse repo tenders.
It also announced the availability of a reverse repo, sale and buy-back agreements, and collateralised commodity Murabahah facilities for tenors of one to three months.
At 4 pm, BNM called for a RM38.30 billion conventional money market tender and a RM27.80 billion Murabahah money market tender, both for one-day monies.
The Malaysia Islamic Overnight Rate (MYOR-i) stood at 2.75 per cent as of April 7, 2023. — Bernama
