KUALA LUMPUR – Short-term interbank rates closed stable today on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system.
The liquidity in the conventional system narrowed to RM35.01 billion from RM38.94 billion this morning, while in the Islamic system, it edged down to RM20.60 billion from RM25.88 billion.
Earlier today, BNM conducted one range maturity auction money market tender and two Qard tenders.
At 4pm, the central bank called for a RM34.20 billion conventional money market tender and a RM20.60 billion Murabahah money market tender, both for one-day money.
BNM has also revised the conventional overnight tender to RM34.20 billion from RM33.90 billion.
The average Islamic overnight interest rate stood at 1.73%, while the one-, two- and three-week rates stood at 1.78%, 1.81% and 1.86%, respectively. – Bernama, January 13, 2021
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