KUALA LUMPUR, Oct 25 — Short-term interbank rates closed steady today on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system.
Liquidity in the conventional system expanded to RM47.82 billion from RM44.59 billion this morning, while Islamic funds’ liquidity eased to RM30.20 billion from RM34.92 billion previously.
Earlier today, the central bank called for three conventional money market tenders, two Qard tenders and three reverse repo tenders.
The availability of reverse repo, sale and buy-back agreement and collateralised commodity murabahah facilities for tenors of one to three months were also announced earlier.
At 4 pm, BNM called for a RM46.80 billion conventional money market tender and a RM30.2 billion murabahah money market tender, both for four-day money.
The average Islamic overnight rate stood at 1.72 per cent, while the one-, two- and three-week rates stood at 1.78 per cent, 1.82 per cent and 1.85 per cent respectively. — Bernama
