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 RM19.215 billion from the RM32.611 billion estimated in the morning, while in the Islamic system, it declined to RM4.431 billion from RM8.206 billion previously.
The central bank called for two repo tenders, a range maturity auction programme and an Al-Wadiah tender.
The central bank also called for a RM19.2 billion conventional money-market tender and a RM3.8 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