KUALA LUMPUR, Jan 13 ― 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 RM38.3 billion in the conventional system and RM17.5 billion in Islamic funds.
The central bank will conduct a conventional money market tender of RM4 billion for seven days, one repo tender of RM200 million for 44 days, a Qard tender of RM4.2 billion for seven days and one commodity murabahah programme of RM3.5 billion for seven days.
At 4pm, BNM will conduct an up to RM33 billion in conventional overnight tender and a RM9.8 billion Qard. ― Bernama
