SHORT-term interbank charges are anticipated to stay steady subsequent week on Financial institution Negara Malaysia’s (BNM) operations to soak up surplus liquidity within the monetary system.
Throughout the week simply ended, the central financial institution intervened every day to cut back extra funds from the monetary system by conducting typical cash market, reverse repo, Qard and Islamic reverse repo tenders.
The full liquidity surplus within the typical system for the week narrowed to RM32.71 billion from RM37.93 billion within the previous week.
Within the Islamic system, surplus liquidity rose to RM32.24 billion from RM28.11 billion beforehand.
The Malaysia Islamic In a single day Price (MYOR-i) stood at 3.00 per cent as of Nov 29.— BERNAMA