Short-term rates close stable
Short-term rates closed stable today as Bank Negara Malaysia (BNM) continued to intervene to absorb excess liquidity from the financial system.
Liquidity surplus in the conventional operations was trimmed to RM16.64 billion from RM24.53 billion estimated in the morning while the excess in the Islamic system eased to RM4.73 billion from RM11.56 billion earlier.
The central bank conducted six tenders comprising four conventional, one repo and one Al-Wadiah tenders.
BNM also issued a late tender for RM17 billion in the conventional operations and a RM4.8 billion Al-Wadiah tender, both for one day.
The overnight rate stood at 2.90 per cent while the one-, two- and three-week rates were pegged at 2.98 per cent, 3.01 per cent and 3.04 per cent, respectively.-- Bernama
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