KUALA LUMPUR, May 15 — Short-term rates closed stable today as Bank Negara Malaysia intervened in the money market to absorb excess liquidity from the financial system.
Source from (The Malaysian Insider): http://www.themalaysianinsider.com/business/article/short-term-rates-close-stable-on-bank-negaras-intervention3/
Published: May 16, 2013
The liquidity surplus in the conventional operations fell to RM14.561 billion from RM23.72 billion estimated earlier while the excess in the Islamic system declined to RM3.36 billion from RM4.65 billion.
In the morning, the central bank called for five tenders — one range maturity auction, two Al-Wadiah and two repo.
Bank Negara also issued a late conventional tender for RM14.8 billion and a RM2.8 billion Al-Wadiah tender, both for one-day money.
The overnight rate stood at 2.93 per cent while the one-, two- and three-week rates stood at 2.98 per cent, 3.01 per cent and 3.04 per cent, respectively. — Bernama
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