KUALA LUMPUR, Aug 4 — 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 RM35.17 billion compared to RM35.22 billion this morning, while Islamic funds’ liquidity fell slightly to RM23.60 billion from RM23.99 billion previously.
Earlier today, the central bank conducted a conventional money market 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.
The central bank has also revised the murabahah overnight tender from RM23 billion to RM23.6 billion
At 4pm, BNM called for a RM34.8 billion conventional money market tender and a RM23.6 billion murabahah money market tender, both for three-day money.
The Malaysia Islamic Overnight Rate (MYOR-i) stood at 3 per cent as of August 3. — Bernama
