SHORT-term charges are set to stay steady subsequent week on Financial institution Negara Malaysia’s (BNM) operations to soak up surplus liquidity within the monetary system.
In the course of the week simply ended, the central financial institution intervened day by day to scale back extra funds from the monetary system by conducting reverse repo tenders, Qard tenders in addition to Financial institution Negara Interbank Payments Islamic tenders and a Financial institution Negara Interbank Payments tender.
The entire liquidity surplus within the standard system for the week improved to RM46.23 billion from RM44.37 billion within the previous week.
Within the Islamic system, the excess liquidity eased to RM24.20 billion from RM27.52 billion beforehand.
The Malaysia Islamic In a single day Charge (MYOR-i) stood at 3.00 per cent as of July 6. — Bernama / pic TMR