KUALA LUMPUR, Jan 12 — Short-term interbank rates are forecast to be stable today on Bank Negara Malaysia’s (BNM) intervention to absorb excess liquidity from the financial system.
BNM estimated today’s liquidity at RM44.27 billion in the conventional system and RM16.20 billion in Islamic funds.
The central bank will conduct a range maturity auction money market tender of RM10 billion for seven to 21 days, a Qard tender of RM4.7 billion for seven days and one commodity murabahah programme of RM2.7 billion for seven days.
A reverse repo tender of RM250 million for 31 days will also be called.
At 4pm, BNM will conduct AN up to RM32.5 billion in conventional overnight tender and a RM8.8 billion Qard. — Bernama
