KUALA LUMPUR, June 3 — 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 RM31.09 billion in the conventional system and RM10.71 billion in Islamic funds.
The central bank will conduct a RM5 billion conventional money market tender for seven days to 30 days.
It will also conduct a RM3.4 billion Al-Wadiah tender for seven to 14 days, as well as, a RM300 million repo tender for 48 days.
Bank Negara will also conduct a RM200 million commodity Murabahah programme tender.
At 4pm, it will conduct up to RM25.8 billion in conventional overnight tender and a RM7.2 billion Al-Wadiah overnight tender. — Bernama
