Business

Short-term rates close stable on Bank Negara’s intervention

Liquidity in the conventional system fell to RM34.10 billion from RM35.89 billion this morning

Updated 4 years ago · Published on 20 Oct 2021 5:15PM

Short-term rates close stable on Bank Negara’s intervention
Short-term interbank rates closed stable today on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system. – Shutterstock pic, October 20, 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 fell to RM34.10 billion from RM35.89 billion this morning, while in Islamic funds, it narrowed to RM19.70 billion from RM25.43 billion.

Earlier today, the central bank issued two conventional money market tenders, a repo tender as well as a Qard tender-Islamic range maturity auction. 

At 4pm, BNM called for a RM33.60 billion conventional money market tender and a RM19.40 billion Murabahah money market tender, both for one-day money.

BNM revised the conventional overnight tender from RM32.7 billion to RM33.6 billion.

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 20, 2021

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