KUALA LUMPUR: Short-term interbank rates closed steady today on Bank Negara Malaysia’s (BNM) intervention to absorb surplus liquidity from the financial system.
The liquidity surplus in the conventional system fell to RM27.82 billion from RM30.47 billion earlier, while in the Islamic system, it eased to RM7.21 billion from RM9.58 billion.
In the morning, BNM called for a conventional money market tender and Qard tenders.
The central bank also conducted a late conventional money market tender for RM27.5 billion and a RM7.2 billion Qard tender, both for one-day money.
The overnight Islamic reference rate stood at 3.21 per cent, while the one-week, two and three-week rates stood at 3.27 per cent, 3.32 per cent and 3.35 per cent, respectively. – BERNAMA