KUALA LUMPUR, Dec 23 — Short-term interbank rates are expected to remain stable today on Bank Negara Malaysia’s (BNM) intervention to absorb excess liquidity from the financial system.
BNM estimated today’s liquidity at RM30.03 billion in the conventional system and RM12.37 billion in Islamic funds.
The central bank will conduct a RM2.4 billion money market tender for three days and RM2 billion each for seven and 14 days respectively.
It will also conduct a RM600 million repo tender for 31 days, a RM600 million Commodity Murabahah Programme tender for 14 days and a RM5.2 billion Al-Wadiah tender for seven to 14 days.
At 4pm, Bank Negara will conduct up to RM22 billion in conventional overnight tender and a RM6.5 billion Al-Wadiah overnight tender. — Bernama
