KUALA LUMPUR – Short-term interbank rates closed stable today on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system.
Liquidity in the conventional system reduced to RM32.01 billion from RM38.55 billion this morning, while in Islamic funds, it fell to RM21.82 billion from RM27.07 billion previously.
Earlier today, the central bank issued three conventional money market tenders, a repo tender, an Islamic range maturity auction (iRMA) Qard tender, and a reverse repo tender.
BNM revised the Murabahah overnight tender to RM20.8 billion from RM19.1 billion.
At 4pm, BNM called for a RM32 billion conventional money market tender and a RM20.8 billion Murabahah money market tender, both for one-day money.
The average Islamic overnight interest rate stood at 1.72%, while the one-, two- and three-week rates stood at 1.78%, 1.81%, and 1.85%, respectively. – Bernama, October 11, 2021
