KUALA LUMPUR, May 21 — 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-negara-intervention2/
Published: May 21, 2013
The liquidity surplus in the conventional operations fell to RM12.212
billion from the RM22.389 billion estimated earlier, while in the
Islamic system, it increased to RM7.03 billion from RM6.675 billion.
In the morning, the central bank called for a range maturity auction
programme, one Commodity Murabahah Programme - iRMA, and a repo tender.
Bank Negara also issued a late conventional tender for RM12.2 billion and a RM4 billion Al-Wadiah tender, both for one-day money.
The overnight rate stood at 2.92 per cent, while the one-week, two-week 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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