KUALA LUMPUR, Dec 16 ― 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 RM46.92 billion in the conventional system and RM13.20 billion in Islamic funds.
The central bank will conduct a conventional money market tender of RM8 billion for seven days, two repo tenders of RM500 million and RM2 billion for 30 days and 44 days, respectively.
It will also conduct a Qard tender of RM2.4 billion for seven days, two commodity murabahah programmes of RM1 billion and RM1.5 billion for six and seven days, respectively.
At 4pm, BNM will conduct up to RM34 billion in conventional overnight tender and a RM8.3 billion overnight Qard. ― Bernama
