Short-term rates close stable
Short-term interbank rates closed stable today on Bank Negara's intervention to absorb excess liquidity from the financial system through various instruments.
The liquidity surplus in the conventional system fell to RM19.99 billion from RM24.81 billion estimated in the morning, and dwindled to RM2.99 billion from RM3.93 billion in the Islamic system.
The central bank called for one repo tender, three money market and three Al-Wadiah tenders.
The central bank also called for a RM20 billion conventional money market tender and a RM2.5 billion 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