Bank Negara Malaysia building in Kuala Lumpur. FAIHAN GHANI/The Star.
KUALA LUMPUR: Short-term interbank rates closed stable on Friday on Bank Negara Malaysia’s (BNM) intervention to absorb excess liquidity from the financial system.
The liquidity surplus in the conventional system fell to RM30.50bil from RM32.46bil in the morning, while in the Islamic system, it declined to RM7.78bil from RM10.80bil.
Earlier, BNM conducted two conventional money market tenders and three Qard tenders.
The central bank also conducted a RM30.50bil conventional money market tender and a RM7.78bil Qard money market tender, both for three-day money.
The overnight Islamic reference rate stood at 2.96%, while the one-, two- and three-week rates stood at 3.02%, 3.06% and 3.11%, respectively. - Bernama
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