KUALA LUMPUR, May 31 — 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 RM42.71 billion from RM48.49 billion this morning, while the liquidity of Islamic funds widened to RM25.40 billion from RM23.56 billion previously.
Earlier, the central bank conducted two conventional money market tenders and two reverse repo tenders.
BNM revised the murabahah overnight tender to RM24.4 billion from RM22.6 billion.
At 4pm, BNM called for a RM42.7 billion conventional money market tender and a RM24.4 billion Murabahah money market tender for one-day money.
The Malaysia Islamic Overnight Rate (MYOR-i) stood at 3.00 per cent as of May 30. — Bernama
