Short-term rates close stable
Short-term interbank rates closed stable today on Bank Negara Malaysia's intervention to reduce excess liquidity from the
The liquidity surplus in the conventional system fell to RM20.556 billion from RM28.308 billion estimated in the morning, while in the Islamic system, it declined to RM2.882 billion from RM2.405 billion.
The central bank had earlier called for one range maturity auction tender, an Al-Wadiah tender and two Commodity Murabahah Programme tenders.
It also called for a RM20.5 billion conventional money market tender and a RM1.5 billion Al-Wadiah tender, both for one-day money.
The overnight rate stood at 2.93 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