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MARKET • 02/12/2024 06:13 PM

Short-Term Interbank Rates End Steady On BNM Operations

KUALA LUMPUR, Dec 2 (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 slipped to RM29.10 billion from RM29.84 billion this morning, while liquidity in Islamic funds fell to RM23.63 billion from RM24.87 billion previously.

Earlier, the central bank conducted a reverse repo tender.

It also announced the availability of reverse repo, sale and buy back agreement, and collateralised commodity murabahah facilities with tenors of one week, one month and three months.

At 4 pm, BNM called for a RM29.10 billion conventional money market tender and a RM23.63 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 Nov 29.

-- BERNAMA

 

 

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