KUALA LUMPUR, Jan 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 increased to RM37.91 billion from RM36.53 billion this morning while Islamic funds’ liquidity was marginally higher at RM35.07 billion from RM35.01 billion previously.
Earlier today, the central bank called for a conventional money market tender, one Qard tender and two reverse repo tenders.
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 4pm, it called for a RM36.90 billion conventional money market tender and a RM34.10 billion Murabahah money market tender, both for one-day money.
The Malaysia Islamic Overnight Rate (MYOR-i) stood at 2.75 per cent as of Jan 6, 2023.
— Bernama
