KUALA LUMPUR: Short-term interbank rates ended stable today on Bank Negara Malaysia’s (BNM) intervention to reduce excess liquidity in the financial system.
The liquidity surplus in the conventional system eased to RM21.03 billion from RM30.13 billion earlier, while in the Islamic system, the surplus dwindled to RM4.7 billion from RM7.23 billion.
In the morning, BNM called for seven tenders, namely two conventional money market, three repo and two Al-Wadiah.
The central bank also conducted a late conventional money market tender for RM21 billion and a RM4 billion Al-Wadiah money market tender, both for five-day money.
The overnight Islamic reference rate stood at 3.21 per cent, while the one-, two- and three-week rates stood at 3.28 per cent, 3.32 per cent and 3.36 per cent, respectively. – BERNAMA