KUALA LUMPUR, Feb 18 — Short-term interbank rates are expected to remain stable today on intervention by Bank Negara to absorb excess liquidity from the financial system. The central bank estimated today’s liquidity at RM25.680 billion in the conventional system and RM4.549 billion in Islamic funds.
Bank Negara will conduct Al-Wadiah tenders of RM2.1 billion for two to 45 days, as well as a Commodity Murabahah Programme of RM300 million for 28 days. It will also call for a repo tender of RM200 million for 120 days.
The central bank will also call for four conventional money market tenders comprising RM2.0 billion for three days, RM1.5 billion for 28 days and RM1.0 billion each for seven days and 14 days respectively.
At 4 pm, Bank Negara will conduct a conventional overnight tender of up to RM20.0 billion, and an overnight tender of Al-Wadiah funds of RM2.5 billion. — Bernama
