Short-term Interbank Rates End Steady On BNM Operations

KUALA LUMPUR, Oct 17 (Bernama) -- Short-term interbank rates closed steady today following Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system.

Liquidity in the conventional system increased to RM41.19 billion from RM40.10 billion this morning, while Islamic funds eased to RM14.70 billion from RM14.99 billion previously.

Earlier today, the central bank conducted two reverse repo tenders.

It also announced the availability of reverse repo, sale and buy-back agreements, and collateralised commodity Murabahah facilities with tenors of one and three months.

At 4 pm, BNM called for a RM41.20 billion conventional money market tender and a RM14.70 billion Murabahah money market tender, both for one-day maturities.

The Malaysia Islamic Overnight Rate (MYOR-i) stood at 3.00 per cent as of Oct 16.

-- BERNAMA