KUALA LUMPUR: Short-term rates are expected to remain stable today with Bank Negara Malaysia (BNM) intervening to absorb excess liquidity from the financial system.
BNM estimated today’s liquidity at RM33.34 billion in the conventional system and RM14.48 billion in Islamic funds.
The central bank will conduct RM2 billion conventional money market tenders each for seven days, 13 days, 21 days and 31 days.
It will also conduct three Qard tenders comprising RM1.7 billion for seven days, RM1.1 billion for 13 days and RM1.9 billion for 21 days, as well as, a RM1 billion Commodity Murabahah Programme for 31 days.
At 4 pm, BNM will conduct up to RM25.3 billion in conventional tenders and a RM8.8 billion Qard tender.