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MARKET • 30/12/2024 06:37 PM

Short-Term Rates End Steady On BNM Operations

KUALA LUMPUR, Dec 30 (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 RM28.40 billion from RM26.41 billion this morning, while liquidity in Islamic funds slid to RM19.30 billion from RM22.01 billion.

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

At 4 pm, BNM called for a RM28.40 billion conventional money market tender and a RM19.30 billion murabahah money market tender for one-day maturity.

The Malaysia Islamic Overnight Rate (MYOR-i) stood at 3.00 per cent as of Dec 27.

-- BERNAMA

 

 

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