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 liquidity in the conventional system eased to RM40.23 billion from RM41.54 billion in the morning, while in the Islamic system, it dropped to RM17.04 billion from RM22.14 billion previously.

Earlier, BNM conducted a range maturity auction tender, a commodity Murabahah programme tender, an Islamic range maturity auction Qard tender, and two reverse repo tenders.

The central bank also announced the availability of reverse repo, sale and buy back agreement, and collateralised commodity Murabahah facilities for tenors of one to three months.