KUALA LUMPUR, Jan 9 — Short-term interbank rates closed stable today on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system.
The surplus in the conventional system went up to RM25.20 billion from RM25.14 billion this morning, while in the Islamic system, it declined to RM13.40 billion from RM17.94 billion.
Earlier today, the central bank conducted two money market tenders, one Qard tender Islamic range maturity auction (iRMA) and one reverse repo tender.
At 4 pm, the central bank conducted a RM24.80 billion conventional money market tender and a RM12.90 billion Murabahah money market tender, both for one-day money.
The average Islamic overnight interest rate stood at 2.96 per cent, while the one-, two- and three-week rates were pegged at 3.03 per cent, 3.07 per cent and 3.12 per cent, respectively.
— Bernama
