KUALA LUMPUR, Nov 17 ― Short-term interbank rates are expected to remain stable today on Bank Negara Malaysia (BNM)'s intervention to absorb surplus liquidity from the financial system.
BNM estimated today's liquidity at RM32.40 billion in the conventional system and RM13.05 billion in Islamic funds.
The central bank will conduct a conventional money market tender of RM2.5 billion and a RM3.7 billion Qard tender, both for seven days, as well as a repo tender of RM320 million for 30 days.
It will also conduct two Commodity Murabahah Programmes of RM900 million for 13 days and RM800 million 14 days.
At 4pm, BNM will conduct up to RM28.0 billion in conventional overnight tenders and a RM7.7 billion Qard overnight tender. ― Bernama
