KUALA LUMPUR, March 9 — 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 edged up to RM52.40 billion from RM51.05 billion while Islamic funds’ liquidity fell to RM26.61 billion from RM29.81 billion this morning.
Earlier, the central bank conducted a conventional money market tender, a reverse repo tender, and a commodity Murabahah programme tender.
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 4pm, BNM called for a RM51.40 billion conventional money market tender and a RM26.60 billion Murabahah money market tender for one-day money.
The central bank also revised the conventional overnight tender from RM49.9 billion to RM51.4 billion.
The Malaysian Islamic overnight rate (MYOR-i) stood at 2.72 per cent as of March 8, 2023.
— Bernama
