KUALA LUMPUR, Dec 14 — 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 RM44.46 billion in the conventional system and RM17.38 billion in Islamic funds.
The central bank will conduct a conventional money market tender of RM7 billion for seven days and three repo tenders of RM500 million, RM800 million RM500 million for 31 days, 39 days and 45 days, respectively.
A commodity murabahah programme of RM3.6 billion for seven days and a Qard tender of RM4 billion for seven days will also be called.
At 4pm, BNM will conduct up to RM33 billion in conventional overnight tender and a RM9.9 billion overnight Qard. — Bernama
