KUALA LUMPUR, Feb 11 ― Short-term interbank rates are expected to remain stable today on Bank Negara Malaysia's (BNM) intervention to absorb excess liquidity from the financial system.
BNM estimated today's liquidity at RM37.41 billion in the conventional system and RM13 billion in Islamic funds.
The central bank will conduct two RM1.5 billion conventional money market tenders for seven days and 21 days respectively, and a repo of RM500 million for 29 days.
It will also conduct a RM900 million commodity murabahah programme for seven days and Islamic range maturity auction Qard tender of RM3.9 billion, also for seven days.
At 4pm, BNM will conduct an up to RM32 billion in conventional overnight tender and a RM8.2 billion overnight Qard. ― Bernama
