KUALA LUMPUR, Aug 24 — Short-term interbank rates closed stable today on Bank Negara Malaysia’s operations to absorb surplus liquidity from the financial system.
Liquidity in the conventional system edged down to RM42.46 billion from RM45.19 billion this morning while Islamic funds’ liquidity declined to RM21.40 billion from RM22.86 billion previously.
Earlier, the central bank conducted a conventional money market tender, two Qard tenders 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.
At 4pm, BNM called for a RM42.50 billion conventional money market tender and a RM21.40 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 August 23. — Bernama
