KUALA LUMPUR, Nov 18 ― 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 RM38.20 billion in the conventional system and RM12.34 billion in Islamic funds.
The central bank will conduct two conventional money market tenders of RM4 billion for seven days and RM3 billion for 14 days.
It will also conduct a RM2.3 billion Qard for seven days, a RM1 billion Commodity Murabahah Programme for 14 days, as well as a reverse repo tender of RM950 million for 92 days.
At 4pm, BNM will conduct up to RM30.5 billion in conventional overnight tender and RM9.2 billion for a Qard overnight tender. ― Bernama
