Short-term rates end stable
Short-term interbank rates closed stable today on Bank Negara Malaysia's intervention to absorb excess liquidity from the
financial system through various instruments.
The liquidity surplus in the conventional system fell to RM17.142 billion from RM24.451 billion estimated in the morning and in the Islamic system, it declined to RM1.319 billion from RM2.448 billion estimated earlier.
The central bank called for three tenders -- one money market tender with range maturity aution and two Al-Wadiah tenders.
It also issued a late conventional tender of RM17.4 billion for one day and a RM1.3 billion Al-Wadiah tender for one day.
The overnight rate stood at 2.92 per cent while the one-, two- and three-week rates stood at 2.97 per cent, 3.02 per cent and 3.04 per cent, respectively.-- Bernama