What were the latest figures for conventional and Islamic system liquidity?

Question

Accepted Answer

Latest Liquidity Figures for Conventional and Islamic Systems Revealed

The surplus in the conventional financial system has decreased to RM52.90 billion, while the surplus in the Islamic system has fallen to RM24.59 billion. These figures reflect the impact of Bank Negara Malaysia's operations aimed at managing liquidity within the financial markets.
Conventional System Liquidity Reduction

The conventional system experienced a reduction in its surplus liquidity, decreasing from RM57.55 billion earlier in the day to RM52.90 billion by the end of operations. This adjustment was facilitated through various monetary operations conducted by the central bank.
Islamic System Liquidity Decline

Similarly, the Islamic financial system saw its surplus liquidity diminish. The figure dropped to RM24.59 billion from a morning level of RM27.92 billion, indicating a net absorption of funds from this segment as well.
Bank Negara's Liquidity Management Operations

Bank Negara Malaysia actively engaged in monetary operations to manage the prevailing surplus liquidity. These operations included a conventional money market tender, a Qard tender, and several reverse repo tenders, all designed to withdraw excess funds from the financial system.
Overnight and Term Rate Averages

The average Islamic overnight interest rate was recorded at 2.48 per cent. For longer durations within the Islamic system, the one-week, two-week, and three-week rates were set at 2.54 per cent, 2.58 per cent, and 2.63 per cent, respectively.

Reading history

Hide →

This history is cleared when the page is closed.

What were the latest figures for conventional and Islamic system liquidity?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

1

0

0

Share with friends