Short-term interbank rates closed stable today on Bank Negara Malaysia’s (BNM) intervention to absorb excess liquidity from the financial system.
The liquidity surplus in the conventional system fell to RM27.39 billion from RM32.29 billion earlier, while in the Islamic system, it declined to RM5.06 billion from RM10.14 billion previously.
The central bank conducted a RM27.3 billion conventional money market tender and a RM5 billion Qard tender, both for one-day money.
Earlier, it conducted three conventional money market tenders, a Qard money tender, as well as a reverse repo tender.
The overnight Islamic reference rate stood at 2.95%, while the one-, two- and three-week rates stood at 3.02%, 3.06% and 3.11%, respectively.