SHORT-TERM RATES CLOSE STEADY ON BANK NEGARA INTERVENTION

12 Jul 2013 11:19
KUALA LUMPUR, July 5 (Bernama) -- Short-term rates closed steady today as Bank Negara Malaysia (BNM) intervened in the money market to absorb excess liquidity from the financial system.

The liquidity surplus in the conventional operations fell to RM19.249 billion from RM26.309 billion estimated earlier, while in the Islamic system, it declined to RM4.7 billion from RM10.251 billion.

Earlier, the central bank called for four conventional tenders, four Al-Wadiah tenders and a repo tender.

BNM also issued a late conventional tender for RM19.3 billion and a RM4.7 billion Al-Wadiah tender, both for three-day money.

The overnight rate remained at 2.92 per cent, while the one-, two- and three-week rates stood at 2.98 per cent, 3.02 per cent and 3.04 per cent respectively.

-- BERNAMA FBP FBP NN