Money Market

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

Liquidity in the conventional system eased to RM38.07 billion from RM39.61 billion in the morning, while in the Islamic system, it fell to RM20.52 billion from RM28.11 billion previously.

Earlier yesterday, the central bank called for four conventional money market tenders, a commodity Murabahah programme tender, and a Qard tender.

BNM has also announced the availability of reverse repo, sale and buyback agreement, and collateralised commodity Murabahah facilities for tenors of one to three months.

At 4 pm, BNM called for a RM37.0 billion conventional money market tender and a RM20.0 billion Murabahah money market tender, both for one-day monies.