KUALA LUMPUR, Feb 11 – Short-term rates are likely to remain stable next week on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity in the financial system.
During the holiday-shortened week just ended, the central bank intervened on a daily basis to reduce excess funds from the financial system by conducting tenders, including conventional money market tenders, reverse repo tenders, Qard tenders and commodity murabahah programme tenders.
The total liquidity surplus in the conventional system for the week improved to RM40.15 billion from RM39.97 billion in the preceding week.
Meanwhile, in the Islamic system, the surplus eased slightly to RM30.09 billion from RM30.91 billion previously.
The Malaysia Islamic Overnight Rate (MYOR-i) stood at 2.73 per cent as of Feb 9, 2023.
