KUALA LUMPUR, June 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 is slightly lower at RM39.21 billion from RM39.29 billion this morning while the liquidity of Islamic funds narrowed to RM31.44 billion from RM33.85 billion previously.
Earlier, the central bank conducted one conventional money market tender, two Qard tenders and a reverse repo tender.
At 4pm, BNM called for a RM39.2 billion conventional money market tender and a RM31 billion Murabahah money market tender for four-day money.
The Malaysia Islamic Overnight Rate (MYOR-i) stood at 2.98 per cent as of June 1. — Bernama
