Short-term rates close steady
Short-term interbank rates closed steady today on Bank Negara Malaysia's (BNM) intervention to reduce excess liquidity in
the financial system.
The liquidity surplus in the conventional system fell to RM17.743 billion from RM20.942 billion estimated in the morning, while in the Islamic system, it declined to RM852 million from RM2.949 billion previously.
BNM had earlier called for three conventional money market tenders, three Al-Wadiah tenders and a Commodity Murabahah Programme.
It also called for a RM16.9 billion conventional money market tender and a RM800 million 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