KUALA LUMPUR: Short-term interbank rates closed steady today on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system.
Liquidity in the conventional system decreased to RM41.41 billion from RM44.28 billion while Islamic funds’ liquidity declined to RM27.91 billion from RM34.04 billion this morning.
Earlier, the central bank conducted two conventional money market tenders and three Qard tenders.
It also announced the availability of reverse repo, sale and buy-back agreements, and collateralised commodity Murabahah facilities for tenors of one to three months.
At 4 pm, BNM called for a RM41.40 billion conventional money market tender and a RM27.90 billion Murabahah money market tender for three-day money.
The Malaysian Islamic Overnight Rate (MYOR-i) stood at 2.75 per cent as of March 2, 2023. – BERNAMA
