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 RM28.694 billion in the conventional system and RM8.504 billion in Islamic funds.
The central bank will conduct two conventional money market tenders comprising a RM2 billion for seven days and RM1 billion for 14 days.
It will also conduct a RM3.15 billion Islamic range maturity auction for seven days to 14 days.
Two Commodity Murabahah Programme will also be conducted, consisting of RM400 million each for 31 days and 40 days respectively.
At 4 pm, Bank Negara will conduct up to RM23.0 billion in conventional overnight tender and a RM4.5 billion Al-Wadiah overnight tender. – BERNAMA