Short-term interbank rates end stable on BNM operations

KUALA LUMPUR, Nov 22 — Short-term interbank rates closed steady today on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system.

Liquidity in the conventional system fell to RM44.43 billion from RM46.55 billion this morning while Islamic funds’ liquidity dipped to RM41.71 billion from RM45.20 billion.

Earlier today, the central bank called for a conventional money market tender and two Qard tenders.

At 4pm, it called for a RM44.4 billion conventional money market tender and a RM41.7 billion Murabahah money market tender, both for one-day money.

The Malaysia Islamic overnight rate (MYOR-i) stood at 2.75 per cent as of November 21, 2022. — Bernama

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