KUALA LUMPUR, May 15 — 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 RM27.52 billion in the conventional system and RM11.18 billion in Islamic funds.
The central bank will conduct two conventional money market tenders comprising RM1.0 billion for seven days and a RM500 million for 31 days.
BNM also will call for a RM3.4 billion islamic range maturity auction programme for four days to 14 days, two repo tender comprising RM500 million for 31 days and RM1.5 billion for 45 days and a commodity murabahah programme tender of RM700 million for 21 days.
At 4pm, it will conduct up to RM24.0 billion in conventional overnight tender and a RM7.1 billion Al-Wadiah overnight tender. — Bernama
