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 RM40.92 billion in the conventional system and RM13.54 billion in Islamic funds.
BNM will conduct a RM9 billion conventional money market tender for two days to 33 days and a RM5.1 billion Al-Wadiah tender for seven to 31 days.
BNM will also carry out three repo tenders, namely, RM1.5 billion for 30 days, RM800 million for 40 days and RM1 billion for 44 days, alongside with a RM1.6 billion Commodity Murabahah Programme tender for 27 days, respectively.
At 4 pm, BNM will conduct up to RM28.6 billion in conventional overnight tenders and a RM6.9 billion Al-Wadiah overnight tender. – BERNAMA