KUALA LUMPUR, Jan 27 — 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 RM45.96 billion in the conventional system and RM14.56 billion in Islamic funds.
The central bank will conduct a RM8 billion range maturity auction money market tender for seven days to 30 days and an Islamic range maturity auction Qard tender of RM4.1 billion for seven days to 14 days.
BNM will also conduct a RM1.5 billion commodity murabahah programme tender for seven days and a repo tender of RM1 billion for 47 days.
At 4pm, BNM will conduct an up to RM31 billion in conventional overnight tender and a RM7 billion Qard overnight tender. — Bernama
