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 declined to RM33.10 billion from RM42.89 billion this morning, while in the Islamic system, it edged down to RM21.0 billion from RM21.20 billion.
Earlier today, BNM conducted one money market-range maturity auction (RMA) tender and a Qard tender-Islamic range maturity auction (iRMA).
At 4pm, the central bank called for a RM33.10 billion conventional money market tender and a RM21.0 billion Murabahah money market tender, both for one-day money.
BNM had also revised the Murabahah overnight tender to RM21.0 billion from RM18.80 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 12, 2021
