Money Market

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

Liquidity in the conventional system fell to RM47.61 billion from RM47.93 billion yesterday morning, while Islamic funds’ liquidity eased to RM31.11 billion from RM35.93 billion previously.

Earlier yesterday, the central bank called for two conventional money market tenders as well as two Qard tenders.

BNM revised the conventional overnight tender to RM46.6 billion from RM43.9 billion.

At 4pm, BNM called for a RM46.6 billion conventional money market tender and a RM31.1 billion Murabahah money market tender, both for one-day monies.