KUALA LUMPUR, Sept 29 — 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 RM44.26 billion in the conventional system and RM9.96 billion in Islamic funds.
The central bank will conduct two conventional money market tenders of RM3 billion and RM10 billion for three days and seven days, respectively and a RM1.5 billion Qard tender for seven days.
The bank will also conduct a RM600 million reverse repo tender for 91 days and a RM2.3 billion Commodity Murabahah Programme for seven days.
At 4pm, the central bank will conduct overnight tenders of up to RM30 billion conventional and a RM6.1 billion Qard. — Bernama
