KUALA LUMPUR, July 12 (Bernama) -- Short-term rates closed steady today on Bank Negara Malaysia's (BNM) intervention in the money market to absorb excess liquidity from the financial system.
The liquidity surplus in the conventional operations fell to RM18.53 billion from RM23.57 billion earlier and RM1.15 billion in Islamic funds from RM4.23 billion previously.
Earlier, the central bank called for four conventional tenders, a repo tender and three Al-Wadiah tenders. BNM also issued a late conventional tender for RM17.3 billion and a RM3.1 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.
NHIZ MKI VMD