Short-term rates close stable on Bank Negara’s operations

Bank Negara bldgs

KUALA LUMPUR: Short-term interbank rates closed stable yesterday on Bank Negara’s operations to absorb surplus liquidity from the financial system.

The liquidity in the conventional system narrowed to RM35.01bil from RM38.94bil yesterday morning, while in the Islamic system, it edged down to RM20.60bil from RM25.88bil.

Earlier yesterday, Bank Negara conducted a one range maturity auction (RMA) money market tender and two Qard tenders.

At 4pm, the central bank called for a RM34.20bil conventional money market tender and a RM20.60bil Murabahah money market tender, both for one-day money.

Bank Negara has also revised the conventional overnight tender to RM34.20bil from RM33.90bil.

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

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