Short-term rates close 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 RM15.084 billion from RM18.933 billion estimated in the morning and in the Islamic system, it declined to RM2.925 billion from RM4.319 billion estimated earlier.
The central bank called for seven tenders -- three money market, three Al-Wadiah and one repo today.
It also issued a late conventional tender of RM15.3 billion for one day and a RM2.9 billion Al-Wadiah tender for one day.
The overnight rate stood at 2.93 per cent while the one-, two- and three-week rates stood at 2.97 per cent, 3.01 per cent and 3.04 per cent, respectively.-- Bernama