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.
BNM estimated today’s liquidity at RM30.506 billion in the conventional system and RM14.16 billion in Islamic funds.
The central bank will conduct a RM1 billion conventional money market tender, a RM4.3 billion Qard and a RM1.4 billion Commodity Murabahah Programme for seven days each, as well as, a RM1.6 billion repo tender for 31 days.
At 4pm, the central bank will conduct up to RM28 billion in conventional overnight tender and a RM8.6 billion Qard overnight tender.--BERNAMA