Short-term interbank rates and short-term rates steady! Bank Negara conducted RM40.9 billion conventional overnight tender
KUALA LUMPUR – Bank Negara Malaysia (BNM), at 4 pm on 3 July, called for a RM39.6 billion conventional money market tender and a RM22.4 billion Murabahah money market tender, both for one-day money.
At 4 pm, BNM conducted up to a RM40.9 billion conventional overnight tender and a RM27.2 billion Murabahah overnight tender.
The Malaysia Islamic Overnight Rate (MYOR-i) stood at three per cent as of June 30.
Short-term rates are expected to remain stable today on BNM operations to absorb surplus liquidity from the financial system.
Liquidity is estimated at RM39.40 billion in the conventional system and RM28.48 billion in Islamic funds.
Bank Negara Interbank Bills Islamic Tender
Earlier, the central bank conducted two Qard tenders, two reverse repo tenders and a Bank Negara Interbank Bills Islamic (BNIBI) tender.
The two qard tenders comprise RM900 million tender for seven days and a RM400 million tender for 14 days.
The central bank also called for two reverse repo tenders, consisting of a RM1 billion tender for 31 days and a RM500 million tender for 92 days.
Additionally, BNM conducted a RM5 billion Bank Negara Interbank Bills Islamic (BNIBI) tender for 33 days.
BNM also announced the availability of reverse repo, sale and buy-back agreements as well as collateralised commodity Murabahah facilities for tenors of one to three months.
Short-term interbank rates closed stable today on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system.
Liquidity in the conventional system rose to RM39.58 billion from RM39.40 billion this morning, while Islamic funds’ liquidity fell to RM22.40 billion from RM28.48 billion previously. — Bernama