Short-term rates close stable Friday
Short-term rates closed stable Friday as Bank Negara Malaysia intervened to absorb excess liquidity from the financial system.
The liquidity surplus in the conventional operations was trimmed to RM24.392 billion from RM16.764 billion estimated in the morning while the excess in the Islamic system eased to RM1.194 billion from RM5.645 billion earlier.
The central bank conducted nine tenders -- four conventional, four Al-Wadiah and one repo.
Bank Negara also issued a late tender for RM16.8 billion in the conventional operations and a RM1.2 billion Al-Wadiah tender, both for three days.
The overnight rate stood at 2.90 per cent while the one-week, two-week 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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