Short-Term Rates End Steady On BNM Operations

KUALA LUMPUR, April 4 (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 eased to RM31.23 billion from RM31.90 billion this morning, while liquidity in Islamic funds decreased to RM22.60 billion compared with RM24.38 billion previously.

Earlier, the central bank conducted two reverse repo tenders.

 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.

At 4 pm, it called for a RM31.20 billion conventional money market tender and a RM22.60 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 April 3. 

-- BERNAMA