KUALA LUMPUR, April 29 — 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 RM26.48 billion in the conventional system and RM13.57 billion in Islamic funds.
BNM will conduct a RM2 billion and RM1.5 billion conventional money market tenders, for seven days and 30 days, respectively, as well as, a RM5.2 billion Al-Wadiah tender for eight days to 14 days and a RM1.5 billion Commodity Murabahah Programme tender for 35 days.
BNM will also carry out a RM500 million Reverse Repo Tender for 30 days.
At 4pm, BNM will conduct up to RM26.9 billion in conventional overnight tenders and a RM6.9 billion Al-Wadiah overnight tender. — Bernama
