Money Market

SHORT-TERM interbank rates closed stable yesterday on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system.

The surplus in the conventional system reduced to RM29.02 billion from RM36.59 billion in the morning, while in the Islamic system, it eased to RM24.62 billion from RM32.60 billion.

Earlier today, the central bank conducted three conventional money market tenders, an Islamic range maturity auction Qard tender, as well as a reverse repo tender.

It had also announced the availability of reverse repo, sale and buy back agreement (SBBA) and collateralised commodity murabahah (CCM) transaction facilities for tenors of one to three months.