KUALA LUMPUR: Short-term interbank rates closed steady yesterday on Bank Negara’s operations to absorb surplus liquidity from the financial system.
Liquidity in the conventional system fell to RM34bil from RM41.14bil while for Islamic funds, it eased to RM19bil from RM20.1bil. The central bank called for conventional money market tenders, an Islamic range maturity auction Qard tender and a reverse repo tender. — Bernama