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 eased to RM30.30 billion from RM32.20 billion this morning, while in Islamic funds, it fell to RM19.10 billion from RM26.17 billion.
Earlier today, the central bank issued two conventional money market tenders, as well as an Islamic range maturity auction (iRMA) Qard tender.
At 4 pm, BNM called for a RM30.2 billion conventional money market tender and a RM19.0 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%, 1.82%, and 1.86%, respectively. – Bernama, October 14, 2021
