Short-Term Rates End Steady On BNM Operations

KUALA LUMPUR, Dec 27 (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 rose to RM28.00 billion from RM27.50 billion this morning, while liquidity in Islamic funds increased to RM22.20 billion from RM17.08 billion.

Earlier, the central bank conducted three reverse repo tenders, an Islamic reverse repo tender, and an overnight reverse repo tender. 

At 4 pm, BNM called for a RM28.00 billion conventional money market tender and a RM22.20 billion murabahah money market tender for three-day maturity.

The Malaysia Islamic Overnight Rate (MYOR-i) stood at 3.00 per cent as of Dec 26.

-- BERNAMA