KUALA LUMPUR, Feb 25 ― Short-term interbank rates are expected to remain stable today on Bank Negara Malaysia's intervention to absorb excess liquidity from the financial system.
The central bank estimated today's liquidity at RM23.602 billion in the conventional system and RM5.224 billion in Islamic funds.
Bank Negara will conduct a RM200 million repo tender for 28 days and another RM150 million for 90 days, as well as, a RM300 million commodity murabahah programme for nine days.
The central bank will also call for four conventional money market tenders comprising RM1.5 billion for seven days, RM500 million for 21 days and RM1.0 billion each for 14 days and 28 days, respectively.
Two Al-Wadiah tenders comprising RM400 million for seven days and RM600 million for 14 days will also be conducted.
At 4pm, Bank Negara will conduct up to RM19.3 billion in conventional overnight tender and a RM4.0 billion Al-Wadiah overnight tender. ― Bernama
