KUALA LUMPUR, Feb 17 — 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 RM34.96 billion in the conventional system and RM15.01 billion in Islamic funds.
The central bank will conduct a RM2 billion conventional money market tender for seven days, a RM4.55 billion Qard tender for five days to 14 days, a RM2 billion commodity murabahah programme for seven days and a RM1 billion repo tender for 29 days.
At 4 pm, BNM will conduct an up to RM31 billion in conventional overnight tender and a RM7 billion overnight Qard. — Bernama
