KUALA LUMPUR – Short-term interbank rates closed stable today on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system.
The liquidity in the conventional system fell to RM30.74 billion from RM38.17 billion this morning, while in the Islamic system, it decreased to RM18.52 billion from RM20.58 billion.
Earlier today, the central bank conducted three conventional money market tenders and an Islamic range maturity auction Qard tender.
It also revised the Murabahah overnight tender from RM17.6 billion to RM18.5 billion.
At 4pm, BNM called for a RM30.7 billion conventional money market tender and an RM18.5 billion Murabahah money market tender, both for one-day money.
The average Islamic overnight interest rate stood at 1.73%, while the one-, two- and three-week rates stood at 1.78%, 1.81% and 1.86%, respectively. – Bernama, December 3, 2020
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