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 RM19.655 billion from RM24.630 billion estimated in the morning while in the Islamic system, it dwindled to RM3.953 billion from RM6.519 billion.
The bank had earlier called for a range maturity auction tender, three Al-Wadiah tenders and a repo tender.
It also called for RM18.5 billion conventional money market tender and a RM3.9 billion Al-Wadiah tender, both for one-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, 3.02 per cent and 3.04 per cent respectively.-- Bernama