Short-term rates close steady
Short-term rates closed steady today on Bank Negara Malaysia's continuous intervention to mop up surplus liquidity in the financial system.
The liquidity surplus in the conventional operations was trimmed to RM13.83 billion from the RM20.08 billion estimated in the morning, while the excess in the Islamic system eased to RM799.3 million from RM2.68 billion.
The central bank conducted six tenders, four conventional, an Al-Wadiah and a repo.
Bank Negara also issued a late tender for RM14 billion in the conventional operations and a RM800 million Al-Wadiah tender, both for one-day money.
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