Short-term rates to remain stable on BNM intervention

KUALA LUMPUR, Dec 4 ― Short-term interbank rates are expected to remain steady today on Bank Negara Malaysia's (BNM) intervention to absorb surplus liquidity from the financial system.

BNM estimated today's liquidity at RM37.11 billion in the conventional system and RM22.77 billion in Islamic funds.

The central bank will conduct a conventional money market tender of RM2 billion for seven days, a Qard of RM4.9 billion for seven days and two repo tenders of each RM300 million for 31 days and 45 days respectively.            

A commodity murabahah programme of RM2.4 billion for seven days will also be called.

At 4pm, BNM will conduct an up to RM32 billion in conventional overnight tender and a RM15.9 billion overnight Qard. ― Bernama