BANK NEGARA is working to address the demand for longer tenured deposits in the interbank market after the gap between the Kuala Lumpur Interbank Offered Rate (Klibor) and the overnight policy rate (OPR) widened in recent months.
The rising difference between the longer dated deposits and the OPR is being caused by a Basel 3 requirement, whereby deposits three months or more count towards liquidity requirements and not those with lower tenures.
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