Selangor Journal
A general view of the Bank Negara Malaysia BNM) in Kuala Lumpur, Malaysia, on July 31, 2019. — Picture by REUTERS

Short-term rates close stable on BNM’s operations

KUALA LUMPUR, Jan 14 — Short-term interbank rates closed stable today on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system.

The liquidity in the conventional system shrank to RM31.38 billion from RM40.54 billion this morning, while in the Islamic system, it eased to RM21.61 billion from RM25.59 billion.

Earlier today, BNM conducted three conventional money market tenders and an Islamic range maturity auction (iRMA) Qard tender.

At 4pm, the central bank called for a RM31.40 billion conventional money market tender and a RM21.60 billion Murabahah money market tender, both for one-day money.

BNM has also revised the Murabahah overnight tender to RM21.60 billion from RM20.50 billion.

The average Islamic overnight interest rate stood at 1.73 per cent, while the one-, two- and three-week rates stood at 1.78 per cent, 1.81 per cent and 1.86 per cent, respectively.

— Bernama



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