KUALA LUMPUR, May 5 — 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 RM33.91 billion in the conventional system and RM14.01 billion in Islamic funds.
BNM will conduct two repo tenders comprising RM300 million for 32 days and RM500 million for 46 days, as well as a RM500 million Commodity Murabahah Programme for 32 days.
The central bank will also call for a RM6.1 billion Qard Islamic Range Maturity Auction for seven to 21 days and a RM7 billion money market range maturity auction tender for four to 46 days.
At 4pm, BNM will conduct an up to RM25 billion in conventional overnight tender and a RM7.5 billion overnight Qard. — Bernama
