KUALA LUMPUR, Aug 12 — 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 RM39.86 billion in the conventional system and RM10.93 billion in Islamic funds.
The central bank will conduct a RM10.0 billion range-maturity auction for two days to seven days, a RM3.9 billion Islamic range-maturity auction for five days to seven days, and a RM700 million repo tender for 33 days, as as well as, a RM500 million Commodity Murabahah Programme for seven days.
At 4pm, the central bank will conduct up to RM29.2 billion in conventional
overnight tender and a RM6.6 billion Qard overnight tender. — Bernama
