KUALA LUMPUR: Short-term interbank rates closed stable today on Bank Negara Malaysia’s intervention to absorb excess liquidity from the financial system.
The liquidity surplus in the conventional system fell to RM26.76 billion from RM35.5 billion earlier, while in the Islamic system, it declined to RM6.06 billion from RM10.87 billion.
Earlier, BNM conducted Qard and conventional money market tenders.
The central bank conducted a RM26.5 billion conventional money market tender and a RM5.9 billion Qard money market tender, both for four-day money.
The overnight Islamic reference rate stood at 2.95 per cent while the one-week, two and three-week rates stood at 3.01 per cent, 3.06 per cent and 3.10 per cent respectively. – Bernama