Short-term rates close stable
Short-term interbank rates closed steady today on Bank Negara Malaysia's (BNM) continuous intervention to reduce excess
liquidity in the financial system.
The liquidity surplus in the conventional system fell to RM17.94 billion from the RM23.04 billion estimated in the morning, while in the Islamic system, it dipped to RM2.31 billion from RM4.75 billion.
BNM had earlier called for three conventional tenders, a repo and three Al-Wadiah tenders.
It also called for a RM17.5 billion conventional money market tender and a RM2.3 billion Al-Wadiah tender, both for three-day money.
The overnight rate stood at 2.91 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