KUALA LUMPUR, July 9 (Bernama) -- Short-term rates closed stable today on Bank Negara Malaysia (BNM)'s intervention to mop out surplus liquidity from the financial system. The liquidity surplus in the conventional operations fell to RM20.8 billion from RM27.69 billion estimated earlier, while in the Islamic system, it declined to RM1.77 billion from RM4.08 billion on Monday. Earlier, the central bank called for five conventional tenders, four Al-Wadiah tenders and three repo tenders.
BNM also issued a late conventional tender for RM20.8 billion and a RM1.7 billion Al-Wadiah tender, both for one-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.
MKI MKI VMD