SHORT-TERM interbank rates in Malaysia are expected to remain steady in the coming week, supported by consistent operations from Bank Negara Malaysia (BNM) to manage surplus liquidity within the financial system.
Throughout the past week, the central bank intervened on a daily basis via a combination of reverse repurchase agreements, Islamic reverse repo instruments, and overnight reverse repo tenders. These measures were aimed at absorbing excess funds and maintaining stability in short-term rates.
As of Friday, surplus liquidity in the conventional banking system edged slightly higher to RM26.4 billion, up from RM26.3 billion recorded at the end of the previous week. In the Islamic banking system, surplus funds saw a more notable increase, rising to RM24.1 billion from RM21.3 billion.
The Malaysia Islamic Overnight Rate (MYOR-i) was recorded at 3.00 per cent as of 8 May. - May 10, 2025
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