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 slipped to RM31.10 billion from RM39.41 billion this morning, while in Islamic funds, it fell to RM22.21 billion from RM27.18 billion.
Earlier today, the central bank issued a range maturity auction money market tender and an Islamic range maturity auction (iRMA) Qard tender.
At 4pm, BNM called for a RM31.10 billion conventional money market tender and a RM21.20 billion Murabahah money market tender, both for three-day money.
BNM revised Murabahah overnight tender from RM18.2 billion to RM21.2 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 22, 2021
