Short-term rates end stable on Bank Negara's operations

KUALA LUMPUR: Short-term interbank rates closed steady today on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity in the financial system.

Liquidity in the conventional system fell to RM35.1 billion from RM40.03 billion this morning while for Islamic funds, it eased to RM15.8 billion from RM19.13 billion previously.

Earlier, the central bank called for three conventional money market tenders and two Qard tenders.

At 4 pm, BNM called for a RM35.1 billion conventional money market tender and a RM15.8 billion Murabahah money market tender, both for one-day money.

The average Islamic overnight rate stood at 1.72 per cent, while the one, two and three-week rates stood at 1.78 per cent, 1.82 per cent and 1.85 per cent respectively. - Bernama