Short-Term Rates End Steady On BNM Operations

KUALA LUMPUR, Jan 24 (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 decreased to RM29.29 billion from RM29.40 billion this morning, while liquidity in Islamic funds rose to RM16.79 billion from RM14.45 billion previously. 

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

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

BNM revised Murabahah overnight tender from RM14.8 billion to RM16.8 billion.

At 4 pm, it called for a RM29.30 billion conventional money market tender and a RM16.80 billion murabahah money market tender, both for three-day maturities.

The Malaysia Islamic Overnight Rate (MYOR-i) stood at 3.00 per cent as of Jan 23.

-- BERNAMA