KUALA LUMPUR: Short-term interbank rates are expected to remain stable today on Bank Negara Malaysia (BNM)’s intervention to absorb excess liquidity from the financial system.
The central bank estimated today’s liquidity at RM38.88 billion in the conventional system and RM16.18 billion in Islamic funds.
BNM will conduct a RM10 billion conventional money market tender for three days to 31 days and a RM5.1 billion Al-Wadiah tender for 31 days.
BNM will also carry out a RM1.4 billion Commodity Murabahah Programme tender for 29 days and 35 days, respectively.
At 4 pm, BNM will conduct up to RM28.9 billion in conventional overnight tenders and a RM9.7 billion Al-Wadiah overnight tender. – BERNAMA