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 rose to RM48.83 billion from RM48.09 billion yesterday morning while Islamic funds’ liquidity eased to RM29.51 billion from RM37.86 billion previously.

Earlier yesterday, the central bank called for a conventional money market tender and Commodity Murabahah Programme tender.

BNM revised the conventional overnight tender to RM47.8 billion from RM46.1 billion.

At 4 pm, it called for a RM47.8 billion conventional money market tender and a RM29.5 billion Murabahah money market tender, both for one-day monies.

The Malaysia Islamic Overnight Rate (MYOR-i) stood at 2.75 as at Nov 15, 2022.