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 RM21.909 billion from the RM33.901 billion estimated in the morning, while in the Islamic system, it declined to RM2.722 billion from RM11.865 billion.
The central bank called for a range maturity auction programme, an Al-Wadiah tender and two repo tenders.
The central bank also called for a RM21.6 billion conventional money market tender and a RM2.7 billion Al-Wadiah tender, both for one-day money.
The overnight rate stood at 2.92 per cent while the one-week, two-week and three-week rates stood at 2.97 per cent, 3.02 per cent and 3.04 per cent respectively.-- Bernama