KUALA LUMPUR, June 12 — Short-term interbank rates closed stable today on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system.
Liquidity in the conventional system was higher at RM38.82 billion from RM36.19 billion this morning while the liquidity of Islamic funds narrowed to RM28.23 billion from RM31.61 billion previously.
Earlier, the central bank conducted a conventional money market tender, two Qard tenders as well as two reverse repo tenders.
It also announced the availability of reverse repo, sale and buy-back agreements as well as Collateralised Commodity Murabahah facilities for tenors of one to three months.
At 4 pm, BNM called for an RM38.20 billion conventional money market tender and an RM28.20 billion Murabahah money market tender for one-day monies.
The Malaysia Islamic Overnight Rate (MYOR-i) stood at 2.97 per cent as of June 9. — Bernama
