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 dipped to RM38.21 billion from RM43.67 billion this morning, while in Islamic funds, it fell to RM19.80 billion from RM24.60 billion.
Earlier today, the central bank issued a range maturity auction money market tender, a repo tender, an Islamic range maturity auction (iRMA) Qard tender, and a reverse repo tender.
At 4pm, BNM called for a RM37.3 billion conventional money market tender and an RM18.8 billion Murabahah money market tender, both for one-day money.
It also revised the Murabahah overnight tender from RM18.4 billion to RM18.8 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 1.85%, respectively. – Bernama, October 27, 2021
