KUALA LUMPUR, Aug 15 — 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 slid to RM35.80 billion from RM36.40 billion this morning, while Islamic funds’ liquidity rose to RM16.83 billion from RM15.70 billion previously.
Earlier, 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, and collateralised commodity Murabahah facilities for tenors of one to three months.
BNM revised the conventional overnight tender from RM15.2 billion to RM16.8 billion.
At 4 pm, the central bank called for a RM35.50 billion conventional money market tender and a RM16.80 billion Murabahah money market tender, both for one-day money.
The Malaysia Islamic Overnight Rate (MYOR-i) stood at 3.00 per cent as of Aug 14. — Bernama
