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 RM20.994 billion from RM28.079 billion estimated in the morning and in the Islamic system, it declined to RM3.600 billion from RM5.938 billion estimated earlier.
The central bank called for a RM19.7 billion conventional money
market tender and a RM3.6 million Al-Wadiah tender, both for one-day money.
The overnight rate stood at 2.92 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