KUALA LUMPUR: Short-term interbank rates ended stable today (Jan 29) on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system.
The surplus in the conventional system declined to RM21.21 bil from RM23.73 bil this morning, while in the Islamic system, it increased to RM21.09 bil from RM18.92 bil.
Earlier today, the central bank conducted four conventional money market tenders, three Qard tenders as well as a reverse repo tender.
At 4pm, BNM conducted a RM20.70 bil conventional money market tender and a RM20.60 bil Murabahah money market tender, both for one-day money.
The central bank has also revised its Murabahah overnight tender to RM20.60 bil from RM15.40 bil.
The average Islamic overnight interest rate stood at 2.72%t, while the one-, two- and three-week rates were pegged at 2.79%, 2.83% and 2.88%, respectively. – Jan 29, 2020, Bernama
