Bank Negara Malaysia (BNM) conducted operations to absorb surplus liquidity, leading to a slight decrease in short-term interbank rates. MetMalaysia also issued a warning about an upcoming monsoon surge bringing heavy rain, strong winds, and rough seas to the eastern and southern regions of the Peninsula.
Short-term interbank rates closed steady today following Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system. Liquidity in the conventional system slipped to RM26.30 billion from RM29.71 billion this morning, while liquidity in Islamic funds slid to RM26.70 billion from RM28.88 billion previously. Earlier today, the central bank conducted three reverse repo tenders as well as an overnight reverse repo tender. At 4pm, it called for a RM26.
30 billion conventional money market tender and a RM26.70 billion murabahah money market tender for three-day maturity. MetMalaysia: Monsoon surge to bring heavy rain, strong winds and rough seas to eastern and southern Peninsula from Jan 9 to Jan 1
FINANCE BANK NEGARA MALAYSIA INTERBANK RATES LIQUIDITY METMALAYSIA MONSOON
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