KUALA LUMPUR: Short-term interbank rates are expected to remain stable today with Bank Negara Malaysia (BNM) intervening to absorb excess liquidity from the financial system.
The central bank estimated today’s liquidity at RM28.72 billion in the conventional system and RM9.62 billion in Islamic funds.
Bank Negara will conduct RM2 billion in conventional money market tender for seven days and RM1.5 billion for 28 days besides two repo tenders of RM400 million for 28 days and RM100 million for 14 days.
It will also call a RM300 million Commodity Murabahah Programme tender for 21 days and another, worth RM400 million for 30 days.
The central bank will also conduct Al-Wadiah tenders for RM2.4 billion and another RM600 million tender for seven days and 14 days, respectively.
At 4 pm, Bank Negara will conduct up to RM24.7 billion in conventional overnight tender and a RM6 billion Al-Wadiah overnight tender. – BERNAMA