Malaysiakini
NEWS

Short-term rates remain stable on Bank Negara intervention

Bernama

Published

Short-term interbank rates remained stable on Bank Negara's operations to absorb surplus liquidity from the financial system.

The surplus in the conventional system was reduced to RM22.43 billion from RM29.37 billion this morning, while in the Islamic system, it eased to RM12.7 billion from RM13.51 billion.

Earlier, Bank Negara issued a one range maturity auction money market tender, one Qard-Islamic Range Maturity (iRMA) tender and one reverse repo tender.

At 4pm, the central bank conducted a RM22.4 billion conventional money market tender and an RM11.7 billion Murabahah money market tender, both for one-day money.

Bank Negara also revised the conventional overnight tender to RM11.7 billion from RM8.5 billion.

The average Islamic overnight interest rate stood at 2.96 percent while the one-, two- and three-week rates were pegged at 3.03 percent, 3.07 percent and 3.12 percent, respectively.

- Bernama

Share this story

Comments

By posting a comment, you agree to our Terms & Conditions as stipulated in full here

TERMS & CONDITIONS

Foul language, profanity, vulgarity, slanderous, personal attack, threatening, sexually-orientated comments or the use of any method of communication that may violate any law or create needless unpleasantness will not be tolerated. Antisocial behaviour such as "spamming" and "trolling" will be suspended. Violators run the risk of also being blocked permanently.

REPORT VIOLATORS

Please use the report feature that is available below each comment to flag offending comments for our moderators to take action. Do not take matters in your own hands to avoid unpleasant and unnecessary exchanges that may result in your own suspension or ban.