KUALA LUMPUR: Short-term interbank rates are expected to remain stable next week on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system.
This week, the central bank intervened daily to reduce excess funds from the financial system by conducting reverse repo and overnight reverse repo tenders.
The surplus liquidity in the conventional system fell to RM32.00 billion from RM40.10 billion in the preceding week.
In the Islamic system, surplus liquidity decreased to RM18.10 billion from RM19.09 billion previously.
The Malaysia Islamic Overnight Rate (MYOR-i) was at 3.00 per cent as of October 10.
— BERNAMA
