KUALA LUMPUR, Feb 24 — Short-term interbank rates are likely to remain stable on Bank Negara Malaysia’s (BNM) intervention to absorb excess liquidity from the financial system.
The central bank estimated today’s liquidity at RM41.76 billion in the conventional system and RM12.04 billion in Islamic funds.
BNM will conduct a conventional money market tender comprising RM4.5 billion for seven days and a repo tender of RM500 million for 29 days.
It will also conduct a RM3.0 billion Qard tender for seven days and a commodity murabahah programme of RM2.6 billion for seven days.
At 4pm, BNM will conduct up to RM36 billion in conventional overnight tender and a RM6.5 billion overnight Qard. — Bernama
