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Short-term rates close steady on BNM's operations to absorb liquidity
Last update: 14/03/2018

KUALA LUMPUR, March 14 (Bernama) -- Short-term interbank rates closed steady today on Bank Negara Malaysiaís (BNM) operations to absorb the liquidity surplus in the financial system.

The surplus in the conventional system fell to RM24.11 billion from RM25.9 billion earlier, while in the Islamic system, it declined to RM10.31 billion from RM15.98 billion.

BNM called for seven tenders comprising three conventional money market, three Qard and a Commodity Murabahah programme.

The central bank also conducted a RM24.2 billion conventional money market tender and RM10.3 billion Qard money market.

The average overnight interest rate stood at 3.19 per cent, while the one-week, two and three-week rates were pegged at 3.26 per cent, 3.30 per cent and 3.35 per cent respectively.



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US 3.9120/9150
S'pore 2.9735/9770
100 Yen 3.7028/7074
Sterling 5.5312/5370
Euro 4.8243/8299
Source: Bank Negara Malaysia

Starting April the banks have imposed a 50 sen processing fee on top of the 15 sen stamp duty on each cheque. The fee also applies to those applying for a Bankerís Cheque, Bank Draft and Cashierís Order. Do you think this additional charge is justified?

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