KUALA LUMPUR, March 4 — Short-term interbank rates are expected to remain stable today on Bank Negara Malaysia (BNM)’s intervention to absorb excess liquidity from the financial system.
The central bank estimated today’s liquidity at RM27.09 billion in the conventional system and RM9.34 billion in Islamic funds.
Bank Negara will conduct a RM3 billion money-market range maturity auction for five days to 33 days and a RM500 million Commodity Murabahah Programme tender each for 28 days and 33 days, respectively.
The central bank will also conduct an Al-Wadiah tender for RM1.1 billion and another RM2 billion tender for seven days and 14 days, respectively, as well as a reverse repo tender of RM900 million for 33 days.
At 4pm, Bank Negara will conduct up to RM25.0 billion in conventional overnight tender and a RM5.2 billion Al-Wadiah overnight tender. — Bernama
