KUALA LUMPUR, Aug 20 — Short-term interbank rates are expected to remain stable today as Bank Negara Malaysia intervenes to absorb excess liquidity from the financial system.
The central bank estimated today’s liquidity at RM22.101 billion in the conventional system and RM6.23 billion in Islamic funds.
The bank will call for four conventional tenders comprising RM1 billion tenders each for seven days, 14 days and 21 days, respectively, and a RM2 billion tender for 28 days.
It will also conduct four Al-Wadiah tenders consisting RM700 million for seven days, RM1.5 billion for 14 days, RM500 million for 21 days and RM400 million for 28 days.
The central bank will also conduct two repo tenders, namely, RM200 million for 31 days and RM100 million for 92 days, as well as, a RM150 million Commodity Murabahah Programme for seven days.
At 4pm, Bank Negara Malaysia will conduct up to RM16.8 billion conventional overnight tender and a RM3 billion Al-Wadiah overnight tender. – Bernama
