KUALA LUMPUR, July 3 — 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 rose to RM39.58 billion from RM39.40 billion this morning, while Islamic funds’ liquidity fell to RM22.40 billion from RM28.48 billion previously.
Earlier, the central bank conducted two Qard tenders, two reverse repo tenders and a Bank Negara Interbank Bills Islamic (BNIBI) tender.
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 4 pm, BNM called for a RM39.6 billion conventional money market tender and a RM22.4 billion Murabahah money market tender, both for one-day money.
The Malaysia Islamic Overnight Rate (MYOR-i) stood at three per cent as of June 30. — Bernama
