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 RM13.077 billion from the RM32.346 billion estimated in the morning, while in the Islamic system it declined to RM3.440 billion from RM13.811 billion.
The central bank had earlier called for a range maturity auction tender, two repo tenders, an Al-Wadiah iRMA tender and a Commodity Murabahah Programme tender.
It also called for a RM13 billion conventional money market tender and a RM3.4 billion Al-Wadiah tender, both for three-day money.
The overnight rate stood at 2.92 per cent, while the one-week, two-week and three-week rates stood at 2.98 per cent, 3.02 per cent and 3.04 per cent, respectively.-- Bernama