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 RM35.3 billion from RM36.50 billion this morning, while in the Islamic system, it decreased to RM13.3 billion from RM15.26 billion.
Earlier today, BNM called for Islamic range maturity auction Qard tender valued at RM1.5 billion for seven to 31 days.
The central bank also announced the availability of reverse repo, sale and buy back agreement, and collateralised commodity Murabahah facilities for tenors of one to three months.
At 4pm, the central bank revised conventional overnight tender to RM34.5 billion and a RM13.30 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 15, 2020
