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SHORT-TERM INTERBANK RATES END STEADY ON BNM OPERATIONS

17/12/2024 04:42 PM


From Abdul Hamid A Rahman

KUALA LUMPUR, Dec 17 (Bernama) -- Short-term interbank rates closed steady today following Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system. 

Liquidity in the conventional system increased to RM27.50 billion from RM21.31 billion this morning, while liquidity in Islamic funds slid to RM23.90 billion from RM27.01 billion previously. 

Earlier, the central bank conducted three reverse repo tenders and an Islamic reverse repo tender.

BNM also announced the availability of reverse repo, sell and buy-back agreements, and collateralised commodity murabahah facilities with tenors of one week, one month and three months.

At 4 pm, it called for a RM27.50 billion conventional money market tender and a RM23.90 billion murabahah money market tender, both for one-day maturities.

The Malaysia Islamic Overnight Rate (MYOR-i) stood at 3.01 per cent as of Dec 16.

-- BERNAMA


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