Short-term rates close stable on Bank Negara intervention: KUALA LUMPUR, Sept 12 — Short-term interbank rates closed stable today as Bank Negara intervened to absorb excess liquidity from the financial system through various instruments. The liquidity surplus in the conventional system fell to RM16.482 billion from RM21.436 billion estimated in the morning and in the Islamic system, it declined to RM2.88 billion from RM3.688 billion estimated earlier. The central bank called for three money market tenders and three Al-Wadiah tenders. It also issued a late conventional tender of RM16.5 billion for one day and a RM2.7 billion Al-Wadiah tender for one day. The overnight rate stood at 2.93 per cent while the one-, two- and three-week rates stood at 2.97 per cent, 3.02 per cent and 3.04 per cent, respectively. — Bernama dlvr.it/3y7kN7
Posted on: Thu, 12 Sep 2013 13:38:41 +0000