BUSINESS

SHORT-TERM INTERBANK RATES END STABLE ON BNM OPERATIONS

23/04/2024 05:19 PM

KUALA LUMPUR, April 23 (Bernama) -- 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 RM26.93 billion from RM25.91 billion billion this morning, while liquidity in Islamic funds eased to RM16.12 billion from RM18.94 billion previously. 

Earlier, the central bank conducted one Qard tender, one reverse repo tender and one Islamic reverse repo tender. 

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

At 4 pm, it called for a RM26.90 billion conventional money market tender and a RM16.10 billion Murabahah money market tender, both for one-day money. 

The Malaysia Islamic Overnight Rate (MYOR-i) stood at 3.00 per cent as of April 22.

-- BERNAMA

 

 


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