KUALA LUMPUR, Oct 20 — Short-term interbank rates are expected to remain stable today on Bank Negara Malaysia (BNM)’s intervention to absorb excess liquidity from the financial system.
BNM estimated today’s liquidity at RM38.573 billion in the conventional system and RM9.38 billion in Islamic funds.
The central bank will conduct two conventional money market tenders of RM3 billion each for seven and 14 days, respectively, a repo tender of RM200 million for 45 days and a Qard tender of RM2.2 billion for seven days.
The central bank would also call for a commodity murabahah programme tender of RM1.2 billion for 14 days.
At 4 pm, BNM will conduct an overnight conventional tender of up to RM30 billion and a RM6 billion Wadiah tender. — Bernama
