Short-term rates close stable
Short-term interbank rates closed stable today on Bank Negara Malaysia's (BNM) intervention to absorb excess liquidity from the financial system through various instruments.
The liquidity surplus in the conventional system fell to RM16.091 billion from the RM25.414 billion estimated in the morning, while in the Islamic system, it declined to RM3.806 billion from RM11.997 billion.
BNM called for a range maturity auction programme, a repo tender, an Al-Wadiah tender and two Commodity Murabahah Programmes.
The central bank also called for a RM16 billion conventional money-market tender and a RM3.8 billion Al-Wadiah tender, both for three-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