KUALA LUMPUR: Short-term interbank rates concluded the day on a stable note as Bank Negara Malaysia (BNM) undertook operations to manage excess liquidity within the financial system.

According to BERNAMA News Agency, liquidity within the conventional market increased to RM28.40 billion from RM26.41 billion earlier in the day, while Islamic fund liquidity decreased to RM19.30 billion from RM22.01 billion. This shift followed the central bank’s strategic moves to balance the financial system’s liquidity levels.

In an effort to regulate surplus liquidity, BNM initiated a series of operations, including three reverse repo tenders, two Islamic reverse repo tenders, and an overnight reverse repo tender. These measures are part of the central bank’s routine operations to ensure stability within the financial markets.

By 4 p.m., BNM had announced a RM28.40 billion conventional money market tender and a RM19.30 billion murabahah money market tender, both set for one-day maturity. This action is intended to further absorb the excess funds and maintain equilibrium in the interbank market.

Additionally, the Malaysia Islamic Overnight Rate (MYOR-i) was reported to be at 3.00 percent as of December 27, reflecting the current interest rate environment managed by the central bank. Such rates are indicative of the economic measures in place to sustain financial stability.