Short-term interbank rates end stable on Bank Negara’s operations

KUALA LUMPUR, Jan 16 — Short-term interbank rates closed steady today on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial...

KUALA LUMPUR, Jan 16 — Short-term interbank rates closed steady today on Bank Negara Malaysia’s operations to absorb surplus liquidity from the financial system.

Liquidity in the conventional system increased to RM42.11 billion from RM32.98 billion this morning while Islamic funds’ liquidity declined to RM36.73 billion from RM43.92 billion previously. Earlier today, the central bank called for a conventional money market tender, two Qard tenders and a reverse repo tender.

BNM 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, it called for a RM41.1 billion conventional money market tender and a RM36.7 billion Murabahah money market tender, both for one-day money.Advertisement

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