Short-term rates to remain stable on BNM intervention

KUALA LUMPUR, Dec 9 ― 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 RM45.27 billion in the conventional system and RM12.26 billion in Islamic funds.

The central bank will conduct a conventional money market tender of RM7 billion for seven days, a Qard of RM1.8 billion for seven days and a repo tender of RM563 million for 91 days. 

A commodity murabahah programme of RM1.8 billion for seven days will also be called.

At 4pm, BNM will conduct an up to RM36 billion in conventional overnight tender and a RM8.7 billion overnight Qard. ― Bernama