Short-term rates close stable
Short-term interbank rates closed stable today as Bank Negara Malaysia intervened to reduce excess liquidity from the
The liquidity surplus in the conventional system fell to RM17.096 billion from RM20.858 billion estimated in the morning, while in the Islamic system, it declined to RM1.524 billion from RM8.072 billion.
The bank had earlier called for three conventional tenders, two Al-Wadiah tenders and two Commodity Murabahah Programme tenders.
It also called for a RM17.1 billion conventional money market tender and a RM1.6 billion Al-Wadiah tender, both for one-day money.
The overnight rate stood at 2.93 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