KUALA LUMPUR, July 17 — 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 fell to RM36.91 billion from RM41.62 billion this morning, while Islamic funds’ liquidity eased to RM23.33 billion from RM26.05 billion previously.
Earlier today, the central bank conducted a conventional money market tender, a Qard tender and 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 4pm, BNM called for a RM36.90 billion conventional money market tender and a RM23 billion murabahah money market tender, both for one-day money.
The Malaysia Islamic Overnight Rate (MYOR-i) stood at three per cent as of July 14. — Bernama
