SHORT-TERM interbank rates are expected to remain steady in the coming week, supported by Bank Negara Malaysia’s (BNM) ongoing liquidity management operations.
Throughout the past week, the central bank carried out daily reverse repo and Islamic reverse repo tenders to absorb excess funds circulating in the financial system.
As a result of these interventions, surplus liquidity in the conventional banking system increased to RM31.51 billion on Friday, up from RM29.44 billion at the close of the previous week.
In contrast, surplus liquidity within the Islamic banking system recorded a slight dip to RM19.89 billion, compared to RM20.45 billion previously.
The Malaysia Islamic Overnight Rate (MYOR-i), which serves as a benchmark for Islamic short-term rates, stood at 3.00 per cent as of April 18. – April 19, 2025
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