KUALA LUMPUR, Jan 20 — Short-term interbank rates are expected 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 RM41.87 billion in the conventional system and RM17.95 billion in Islamic funds.
The central bank will conduct a RM8 billion range maturity auction money market tender for six to 14 days and a RM3 billion Qard tender for eight days.
BNM will also conduct a RM3.5 billion commodity murabahah programme for eight days and a repo tender of RM1 billion for 33 days.
At 4pm, BNM will conduct up to RM26.9 billion in conventional overnight tenders and a RM8.5 billion Qard. — Bernama
