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 RM32.1 billion from RM37.19 billion this morning, while in Islamic funds, it fell to RM19.7 billion from RM23.69 billion.
Earlier today, the central bank issued three conventional money market tenders as well as an Islamic range maturity auction (iRMA) Qard tender.
At 4pm, BNM called for a RM32.1 billion conventional money market tender and a RM18.7 billion Murabahah money market tender, both for three-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 15, 2021
