KUALA LUMPUR, Sept 3 — Short-term interbank rates are expected to remain steady today as Bank Negara Malaysia intervenes to absorb excess liquidity from the financial system.
The central bank estimated today’s liquidity at RM27.076 billion in the conventional system and RM6.51 billion in Islamic funds.
The bank will call for four conventional money market tenders comprising two RM2.0 billion tenders for 30 days and 59 days, RM1.0 billion for 14 days and RM1.5 billion for seven days.
It will also conduct four Al-Wadiah tenders comprising RM600 million for seven days, RM900 million for 14 days, RM500 million for 21 days and RM1.7 billion for 28 days.
At 4pm, the central bank will conduct a conventional overnight tender of up to RM20.6 billion and a RM2.8 billion Al-Wadiah overnight tender. – Bernama
