Business

Short-term rates close stable on Bank Negara operations

Liquidity in the conventional system fell to RM32.01 billion from RM38.55 billion this morning

Updated 4 years ago · Published on 11 Oct 2021 5:18PM

Short-term rates close stable on Bank Negara operations
Short-term interbank rates closed stable today on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system. – The Vibes file pic, October 11, 2021

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

Related News

Malaysia / 1mth

Rising bond rates are a sign of rising debt

Malaysia / 1mth

Strong growth, controlled inflation push OPR to remain at 2.75%

Malaysia / 3mth

RM1 ATM fee exemption covers 84 per cent of machines nationwide - Fahmi

Malaysia / 3mth

Malaysia’s hidden debt trap: When borrowing becomes a way of life

Business / 3mth

BNM's OPR to stay at 2.75 pcent in 2026 amid strong domestic demand - Kenanga IB

Business / 4mth

BMI sees BNM holding OPR at 2.75% in July, amid contained inflation

Spotlight

Malaysia

Five fatal helicopter crash victims honoured in Sarawak state awards

Malaysia

No Malaysian is left behind; Budget 2027 puts people first - Anwar  

Malaysia

Panama hit by 6.4-magnitude earthquake

Malaysia

Haze blankets 33 areas with unhealthy air

Malaysia

Malaysia’s 2027 Budget is a steady one: people-oriented continuity rather than bold reform

Malaysia

Budget 2027: What is in it for me?

Malaysia

Budget 2027 steps up Sabah, Sarawak funding by RM2.2b amid push for development parity

Malaysia

Budget 2027: Maternity leave entitlement increased, minimum pension raised to RM1,350

You may be interested

Business

Budget 2027 targets foreign e-commerce platforms, channels billions into local firms and startups

Business

Oil slips on Trump’s Iran remarks, but supply risks and strong US dollar keep markets on edge

Business

Budget 2027 channels RM270m to SMEs through crowdfunding, P2P financing

Business

Malaysia draws US$9.5b in orders for US$1.5b sukuk, cuts borrowing costs