Short-term interbank rates end stable on Bank Negara operations

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Short-term interbank rates end stable on Bank Negara operations
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KUALA LUMPUR, March 8 — Short-term interbank rates closed steady today on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial...

KUALA LUMPUR, March 8 — Short-term interbank rates closed steady today on Bank Negara Malaysia’s operations to absorb surplus liquidity from the financial system.

Liquidity in the conventional system edged up slightly to RM46.82 billion from RM46.75 billion while Islamic funds’ liquidity rose to RM23.52 billion from RM22.80 billion this morning. Earlier, the central bank conducted one conventional money market tender, one reverse repo tender, and one commodity murabahah programme tender.

It also announced the availability of reverse repo, sale and buy-back agreements, and collateralised commodity murabahah facilities for tenors of one to three months. At 4 pm, BNM called for a RM46.80 billion conventional money market tender and a RM22.50 billion murabahah money market tender for one-day money.The Malaysian Islamic overnight rate stood at 2.75 per cent as of March 7, 2023. — Bernama

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