KUALA LUMPUR: Short-term interbank rates are expected to remain stable today on Bank Negara Malaysia’s (BNM) intervention to absorb excess liquidity from the financial system.
BNM estimated today’s liquidity at RM40.98 billion in the conventional system and RM11.21 billion in Islamic funds.
The central bank will conduct a RM4 billion conventional money market tender for seven days, a RM4.3 billion repo for 14 days and a RM3.0 billion Qard tender for seven days, as well as a RM1.75 billion Commodity Murabahah Programme for seven days.
At 4 pm, the central bank will conduct overnight tenders of up to RM31.5 billion conventional and a RM6.5 billion Qard. --BERNAMA