SHORT-TERM rates remained steady at close yesterday as Bank Negara Malaysia continued to intervene to offset surplus in the financial system, a dealer said.Following several borrowings from the central bank, the liquidity surplus was reduced to RM16.02 billion in the conventional system and to RM6.02 billion in Islamic funds.
Bank Negara earlier this morning estimated a surplus of RM26.66 billion in the conventional operations and RM9.57 billion in the Islamic system.To reduce the surplus, it issued four conventional tenders, two Al-Wadiah tenders, a repo tender and two CMP tenders.
Bank Negara also carried out a late conventional tender for RM16 billion of one-day money and an Al-Wadiah tender for RM6.0 billion of one-day money. The overnight rate was quoted at 1.91 per cent while the one-week, two-week and three-week rates were at 1.94, 1.97 and 1.98 per cent respectively.
About Me
- Nuang
- Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;
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