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 RM36.41 billion from RM40.78 billion in the morning, while in the Islamic system, it fell to RM18.20 billion from RM23.19 billion previously.

Earlier yesterday, the central bank called for three conventional money market tenders, a commodity Murabahah tender for 63 days, a Qard tender and a repo tender.

BNM had 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 RM35.40 billion conventional money market tender and a RM17.20 billion Murabahah money market tender, both for one-day monies.