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 RM22.220 billion from RM27.943 billion estimated in the morning while in the Islamic system, it dwindled to RM4.974 billion from RM10.881 billion.
The bank also called for five money market tenders, a repo tender, an Al-Wadiah tender and a Commodity Murabahah Programme.
The central bank also called for a RM21.9 billion conventional money market tender and a RM5 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