SHORT-term interbank rates ended stable today on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system.
The surplus in the conventional system eased to RM44.61 bil from RM49.53 bil this morning, while in the Islamic system, it fell to RM24.03 bil from RM30.89 bil.
Earlier today, the central bank conducted two conventional money market tenders, two Qard tenders and a reverse repo tender.
BNM also announced the availability of reverse repo as well as sale and buy back agreement and collateralised commodity Murabahah transaction facilities for tenors of one to three months.
At 4pm, BNM called for a RM44.6 bil conventional money market tender and a RM24.0 bil Murabahah money market tender, both for three-day money.
The average Islamic overnight interest rate stood at 2.47%, while the one-, two- and three-week rates were pegged at 2.54%, 2.58% and 2.63%, respectively. – April 24, 2020, Bernama
