KUALA LUMPUR, March 30 ― Short-term interbank rates are expected to remain stable today with Bank Negara Malaysia (BNM) intervening to absorb surplus liquidity from the financial system.
The central bank estimated today's liquidity at RM36.53 billion in the conventional system and RM16.61 billion in Islamic funds.
BNM will conduct two conventional money market tenders of RM2 billion for seven days and RM1 billion for 14 days, and an Islamic range maturity auction Qard tender of RM4.25 billion for two days to 14 days.
The central bank will also conduct a Commodity Murabahah Programme tender of RM200 million for 21 days and a repo tender of RM500 million for 30 days.
At 4pm, BNM will conduct an up to RM31 billion in conventional overnight tender and a RM12.9 billion overnight Qard. ― Bernama
