KUALA LUMPUR, Oct 5 — Short-term interbank rates are expected to remain stable today as Bank Negara Malaysia (BNM) intervenes to absorb surplus liquidity from the financial system.
BNM estimated today’s liquidity at RM43.3 billion in the conventional system and RM12.41 billion in Islamic funds.
The central bank will conduct two conventional money market tenders of RM6 billion for seven days and RM3 billion for 14 days, as well as a RM1.4 billion Qard for seven days.
It will also call for two repo tenders worth RM600 million for 31 days and RM1.75 billion for 45 days, as well as a RM3 billion Commodity Murabahah Programme for seven days.
At 4pm, BNM will conduct an overnight conventional tender of up to RM30.0 billion and a RM8.6 billion Wadiah. — Bernama
