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 RM18.03 billion from RM33.43 billion estimated in the morning, while in the Islamic system, it dwindled to RM2.8 billion from RM6.12 billion.
The central bank called for one money market tender, one repo and one Al-Wadiah tender.
The central bank also called for an RM18.3 billion conventional money market tender and a RM2.8 billion Al-Wadiah tender, both for three-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