KUALA LUMPUR, June 1 — 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 RM36.92 billion from RM45.35 billion this morning, while the liquidity of Islamic funds widened to RM31.81 billion from RM29.15 billion previously.
Earlier, the central bank conducted one conventional money market tender, two Qard tenders and two reverse repo tenders.
BNM revised Murabahah overnight tender to RM30.8 billion from RM26.2 billion.
At 4pm, BNM called for a RM36.9 billion conventional money market tender and a RM30.8 billion Murabahah money market tender for one-day money.
The Malaysia Islamic Overnight Rate (MYOR-i) stood at 2.96 per cent as of May 31. — Bernama
