KUALA LUMPUR, Dec 8 ― 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 RM47.73 billion in the conventional system and RM17.623 billion in Islamic funds.
The central bank will conduct two conventional money market tenders of RM4 billion for three days and RM6 billion for seven days, a Qard of RM3.9 billion for seven days and a repo tender of RM300 million for 91 days.
A commodity murabahah programme of RM3.9 billion for seven days will also be called.
At 4pm, BNM will conduct an up to RM36 billion in conventional overnight tender and a RM9.9 billion overnight Qard. ― Bernama
