KUALA LUMPUR, Dec 28 ― 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 RM44.98 billion in the conventional system and RM20.06 billion in Islamic funds.
The central bank will conduct A conventional money market tender of RM6 billion for eight days and a RM1 billion repo tender for 31 days.
It will also conduct a RM6.5 billion Qard for seven days and a RM4.2 billion Commodity Murabahah Programme for seven days.
At 4pm, BNM will conduct an up to RM34 billion conventional overnight tender and a RM9.4 billion Qard. ― Bernama
