KUALA LUMPUR, June 30 — 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 narrowed to RM44.37 billion from RM46.83 billion this morning, while Islamic funds’ liquidity fell to RM27.52 billion from RM32.23 billion previously.
Earlier, the central bank conducted a conventional money market tender, three Qard tenders and two reverse repo tenders.
BNM 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 4pm, BNM called for a RM44.40 billion conventional money market tender and a RM27.50 billion Murabahah money market tender, both for three-day money.
The Malaysia Islamic Overnight Rate (MYOR-i) stood at 3.00 per cent as of June 28. — Bernama
